Delek US Holdings (DK) Soars 6.12% on Analyst Upgrade
Generated by AI AgentAinvest Movers Radar
Tuesday, May 13, 2025 7:29 pm ET1min read
DK--
Delek Us Holdings (DK) surged 6.12% today, marking its ninth consecutive day of gains, with a cumulative increase of 33.10% over the past nine days. The share price reached its highest level since March 2025, with an intraday gain of 7.65%.
The strategy of buying DK shares after they reached a recent high and holding for one week resulted in a 45.16% return over the past five years, compared to a benchmark return of 87.97%. The strategy's Sharpe ratio was 0.14, with a maximum drawdown of -60.99% and a volatility of 54.15%, indicating significant risk and moderate returns.On May 13, 2025, MizuhoMFG-- analyst Nitin Kumar upgraded Delek US HoldingsDK-- (DK) from a "Neutral" rating to an "Outperform" rating. The price target for the stock was also raised to $23, up from the previous $22. This positive analyst action likely contributed to the stock price increase.
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