Delek US Holdings Inc. (NYSE: DK) had its price target increased by equities researchers at Raymond James Financial Inc. from $20.00 to $21.00. The company currently has a rating of Hold on the shares. A number of other analysts have issued reports on the company recently, and the company has earned a consensus one-year price target of $18.43, higher than the opening price of $17.73, a difference of 10.16 percent. Delek US Holdings Inc. stock has a 52-week high of $30.74.
U.S. stocks finished higher Thursday, near their intra-day highs.
The Dow Jones Industrial Average DJIA, +0.99% closed up 177.71 points, or 1%, at 18,212.48, led by a 3.4% surge in shares of Apple Inc. AAPL, +3.40%
All 30 of the Dow components finished in the green.
The S&P 500 index SPX, +1.01% wrapped up 21.49 points, or 1%, to 2,147.26, and all the large-cap gauge’s sectors ended higher, topped by a 1.7% rise in the tech sector and a 1.1% gain in health-care shares
Usually, after analysts publish an “initiating coverage” report on a stock, they will subsequently issue periodic updates.
Shares of Delek US Holdings Inc. (NYSE: DK) opened at $17.73 yesterday and traded in a range between, $17.73 and $18.57, and last traded at $18.14, which represents a change of $ 0.30 over the previous closing price.
Delek US Holdings Inc. (NYSE: DK) currently has a market cap of 1.12B
The stocks average daily volume is 1,233,520 shares out of a total float 50,923,000 and some 997,253 shares traded hands yesterday, 92 percent lower than normal. Look for trading volume to pick up in the coming days as swing traders often use swings in trading volume to identify heavy volume accumulation or distribution by institutional investors.
As with all potential breakouts, investors look for volume to be at least 40%-50% higher than normal on the breakout to show that fund managers and other professional investors are jumping in.
Institutional sponsorship is defined by ownership of a stock by mutual funds, banks, pension funds and other large institutions.
These instituitional investors have teams of analysts researching thousands of stocks, so it is good confirmation to see them buying a stock you are considering.
By tracking the activity of these professional investors—and the moving averages they affect—it allows for traders to make more effective decisions on trades.
With that in mind Delek US Holdings Inc. (NYSE: DK) now has a 50-day MA is $16.10 and 200-day MA is $14.69, and it has traded in a 52-week range between $11.41 – 30.74 and today’s last price is -40.99 percent off the 52 week high of $30.74.
Indeed, earnings growth is among the most important things to look in regards to stock investing and, accordingly, investors seek companies who have been successful at growing their earnings by at least 25 percent over a 3 year period.
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