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. Delek Logistics Partners LP shares valued at $149,805 were purchased by Yemin Ezra Uzi on Dec 16 ’24. At $39.95 per share, Yemin Ezra Uzi acquired 3,750 shares. The insider’s holdings grew to 162,217 shares worth approximately $6.16 million following the completion of this transaction.
Also, Soreq Avigal purchased 375 shares, netting a total of over 14,880 in proceeds. Following the buying of shares at $39.68 each, the insider now holds 45,537 shares.
Before that, Yemin Ezra Uzi had added 710 shares to its account. In a trade valued at $27,500, the Executive Chairman bought Delek Logistics Partners LP shares for $38.72 each. Upon closing the transaction, the insider’s holdings increased to 710 shares, worth approximately $2.08 million.
As published in their initiating research note from BofA Securities on October 17, 2024, Delek Logistics Partners LP [DKL] has been an Underperform and the price target has been revised to $36. Analysts at Citigroup upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late August. As of April 19, 2024, Truist has initiated its “Buy” rating for DKL. Earlier on March 19, 2024, Raymond James upgraded its rating. Their new recommendation was “an Outperform” for DKL stock which previously was a “a Mkt perform”.
Analyzing DKL Stock Performance
During the last five days, there has been a drop of approximately -12.88%. Over the course of the year, Delek Logistics Partners LP shares have dropped approximately -10.08%. Shares of the company reached a 52-week high of $45.71 on 01/21/25 and a 52-week low of $34.59 on 04/09/25. A 50-day SMA is recorded $41.94, while a 200-day SMA reached $41.02.
Support And Resistance Levels for Delek Logistics Partners LP (DKL)
According to the 24-hour chart, there is a support level at 35.62, which, if violated, would cause prices to drop to 33.23. In the upper region, resistance lies at 39.36. The next price resistance is at 40.71. RSI (Relative Strength Index) is 29.47 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.12, which suggests the price will decrease in the coming days. Percent R is at 64.63%, indicating low price movement. Stochastics %K at buying indicates that the stock is to be held.
