Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. DraftKings Inc shares valued at $251,102 were sold by Ellingson Alan Wayne on May 16 ’25. At $36.77 per share, Ellingson Alan Wayne sold 6,829 shares. The insider’s holdings dropped to 171,268 shares worth approximately $6.09 million following the completion of this transaction.
Also, Ellingson Alan Wayne purchased 6,829 shares, netting a total of over 251,102 in proceeds.
Before that, Kalish Matthew had sold 210,000 shares from its account. In a trade valued at $7,951,548, the insider traded DraftKings Inc shares for $37.86 each. Upon closing the transaction, the insider’s holdings decreased to 210,000 shares, worth approximately $147.67 million.
As published in a research note from BTIG Research on April 22, 2025, DraftKings Inc [DKNG] has been retained to a Buy and the price target has been revised to $52. Analysts at Susquehanna resumed the stock at ‘”a Positive”‘ outlook in a report released in early January. As of October 18, 2024, Mizuho has reiterated its “an Outperform” rating for DKNG. Earlier on October 07, 2024, Susquehanna resumed its rating. Their recommendation was “a Positive” for DKNG stock.
Analyzing DKNG Stock Performance
During the last five days, there has been a drop of approximately -7.08%. Over the course of the year, DraftKings Inc shares have dropped approximately -4.46%. Shares of the company reached a 52-week high of $53.61 on 02/14/25 and a 52-week low of $29.64 on 04/04/25.
Support And Resistance Levels for DraftKings Inc (DKNG)
According to the 24-hour chart, there is a support level at 35.05, which, if violated, would cause prices to drop to 34.56. In the upper region, resistance lies at 36.38. The next price resistance is at 37.21. RSI (Relative Strength Index) is 49.29 on the 14-day chart, showing neutral technical sentiment.
