In a filing, DraftKings Inc revealed its Chief Legal Officer Dodge R Stanton unloaded Company’s shares for reported $2.06 million on Mar 17 ’25. In the deal valued at $39.00 per share,52,777 shares were sold. As a result of this transaction, Dodge R Stanton now holds 653,843 shares worth roughly $25.82 million.
Then, Dodge R Stanton sold 52,777 shares, generating $1,985,509 in total proceeds. Upon selling the shares at $37.62, the Chief Legal Officer now owns 706,620 shares.
Before that, Dodge R Stanton bought 52,777 shares. DraftKings Inc shares valued at $2,058,303 were divested by the Officer at a price of $39.00 per share.
Susquehanna reiterated its DraftKings Inc [DKNG] rating to a Positive in a research note published on January 08, 2025; the price target was $54. A number of analysts have revised their coverage, including Mizuho’s analysts, who remained covering the stock and in mid October has reiterated a ‘”an Outperform”‘ rating for it. Susquehanna also remained covering DKNG and reiterated its “Positive” recommendation on October 07, 2024. Exane BNP Paribas revised its rating on September 10, 2024. It rated DKNG as “a Neutral” which previously was an “an Underperform”.
Price Performance Review of DKNG
On Friday, DraftKings Inc [NASDAQ:DKNG] saw its stock jump 2.73% to $39.49. Over the last five days, the stock has gained 4.28%. DraftKings Inc shares have risen nearly 6.16% since the year began. Nevertheless, the stocks have fallen -9.80% over the past one year. While a 52-week high of $53.61 was reached on 02/14/25, a 52-week low of $28.69 was recorded on 01/03/25. SMA at 50 days reached $41.87, while 200 days put it at $38.97.
Levels Of Support And Resistance For DKNG Stock
The 24-hour chart illustrates a support level at 38.19, which if violated will result in even more drops to 36.90. On the upside, there is a resistance level at 40.19. A further resistance level may holdings at 40.89. The Relative Strength Index (RSI) on the 14-day chart is 46.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.08%. Stochastics %K at 33.33% indicates the stock is a holding.
How much short interest is there in DraftKings Inc?
A steep rise in short interest was recorded in DraftKings Inc stocks on 2025-02-28, growing by 1.66 million shares to a total of 23.79 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 22.14 million shares. There was a rise of 6.97%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 04, 2024 when UBS resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $58.
