Delek US Holdings (NYSE:DK) has tumbled 8.07% during the past week and has dropped 8.75% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 6.96%. Delek US Holdings (NYSE:DK) has underperformed the index by 9.58% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Delek US Holdings (NYSE:DK): The stock opened at $12.86 on Friday but the bulls could not build on the opening and the stock topped out at $13.29 for the day. The stock traded down to $12.12 during the day, due to lack of any buying support eventually closed down at $12.31 with a loss of -3.45% for the day. The stock had closed at $12.75 on the previous day. The total traded volume was 2,044,640 shares.
The company shares have dropped -65.98% from its 1 Year high price. On Jul 2, 2015, the shares registered one year high at $40.47 and the one year low was seen on Jun 14, 2016. The 50-Day Moving Average price is $13.85 and the 200 Day Moving Average price is recorded at $16.90.
On the companys insider trading activities, Finnerty William J, director of Delek Us Holdings, Inc., executed a transaction worth $26,200 on November 11, 2015. A total of 1,000 shares were purchased at an average price of $26.2. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Credit Suisse maintains the rating on Delek US Holdings (NYSE:DK). The brokerage firm has issued a Outperform rating on the shares. The Analysts at the ratings agency lowers the price target from $28 per share to $22 per share. The rating by the firm was issued on April 11, 2016. Currently the company Insiders own 1.42% of Delek US Holdings shares according to the proxy statements. Institutional Investors own 85.02% of Delek US Holdings shares. During last six month period, the net percent change held by insiders has seen a change of -29.17%.
Delek US Holdings, Inc. (Delek) is an integrated energy business focused on petroleum refining, the transportation, storage and wholesale of crude oil and intermediate and refined products and convenience store retailing. The Company operates through three operating segments: Refining, Logistics and Retail. The Companys Refining Segment operates independent refineries in Tyler, Texas (the Tyler refinery) and El Dorado, Arkansas (the El Dorado refinery) with a combined design crude distillation capacity of 140,000 barrels per day (bpd). The Logistics Segment gathers, transports and stores crude oil and markets, distributes, transports and stores refined products in select regions of the southeastern United States and west Texas for both its refining segment and third parties. The Companys Retail Segment markets gasoline, diesel, other refined petroleum products and convenience merchandise.