The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. DraftKings Inc shares valued at $26,067,987 were purchased by Liberman Paul on Mar 25 ’25. At $40.50 per share, Liberman Paul acquired 643,654 shares.
Also, Dodge R Stanton sold 52,777 shares, netting a total of over 2,058,303 in proceeds. Following the sale of shares at $39.00 each, the insider now holds 653,843 shares.
Before that, Dodge R Stanton had sold 52,777 shares from its account. In a trade valued at $1,985,509, the Chief Legal Officer traded DraftKings Inc shares for $37.62 each. Upon closing the transaction, the insider’s holdings decreased to 52,777 shares, worth approximately $26.63 million.
As published in a research note from Susquehanna on January 08, 2025, DraftKings Inc [DKNG] has been retained to a Positive and the price target has been revised to $54. Analysts at Mizuho resumed the stock at ‘”an Outperform”‘ outlook in a report released in mid October. As of October 07, 2024, Susquehanna has reiterated its “Positive” rating for DKNG. Earlier on September 10, 2024, Exane BNP Paribas upgraded its rating. Their new recommendation was “a Neutral” for DKNG stock which previously was a “an Underperform”.
Analyzing DKNG Stock Performance
During the last five days, there has been a drop of approximately -2.23%. Over the course of the year, DraftKings Inc shares have jumped approximately 1.29%. Shares of the company reached a 52-week high of $53.61 on 02/14/25 and a 52-week low of $35.96 on 01/03/25. A 50-day SMA is recorded $41.86, while a 200-day SMA reached $39.01.
Support And Resistance Levels for DraftKings Inc (DKNG)
According to the 24-hour chart, there is a support level at 36.99, which, if violated, would cause prices to drop to 36.30. In the upper region, resistance lies at 38.55. The next price resistance is at 39.42. RSI (Relative Strength Index) is 42.25 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.62, which suggests the price will decrease in the coming days. Percent R is at 69.82%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
