Delek Logistics (DKL) Soars 2.28% on Insider Buying

Delek Logistics (DKL) shares surged 0.39% today, marking the fourth consecutive day of gains, with a total increase of 2.28% over the past four days. The stock price reached its highest level since March 2025, with an intraday gain of 1.08%.

The strategy of buying DKL shares after they reached a recent high and holding for one week yielded a 11.52% return over the past five years. The benchmark return was 89.93%, resulting in an excess return of -78.40% and a CAGR of 2.21%. The strategy had a Sharpe ratio of 0.08, a maximum drawdown of -35.17%, and a volatility of 26.84%.

One of the key factors influencing Delek Logistics' stock price is recent insider activity. On June 13, Frederec Green, a Director at Delek Logistics Partners, made a significant insider purchase. This move could signal confidence in the company's future prospects, potentially driving the stock price higher. Insider buying often serves as a positive indicator for investors, suggesting that those with intimate knowledge of the company believe in its potential for growth.

This insider activity, combined with the recent upward trend in the stock price, indicates a positive sentiment surrounding Delek Logistics. Investors may be encouraged by the company's strategic moves and future outlook, leading to increased buying activity and a rise in the stock price. As the company continues to navigate the market, its performance and any further insider activities will be closely watched by investors and analysts alike.