Delek US Holdings (DK) Shares are Up 4.09%

Delek US Holdings (DK) : Traders are bullish on Delek US Holdings (DK) as it has outperformed the S&P 500 by a wide margin of 41.71% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.12%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.09% in the last 1 week, and is up 42.25% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Delek US Holdings, Inc. is up 26.54% in the last 3-month period. Year-to-Date the stock performance stands at -29.13%. The stock has recorded a 20-day Moving Average of 21.79% and the 50-Day Moving Average is 28.96%.


Delek US Holdings (NYSE:DK): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $16.74 and $16.55 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $17.09. The buying momentum continued till the end and the stock did not give up its gains. It closed at $17.07, notching a gain of 1.85% for the day. The total traded volume was 929,719 . The stock had closed at $16.76 on the previous day.

Also, Brokerage firm Barclays maintains its rating on Delek US Holdings (NYSE:DK). As per the latest information, the brokerage house raises the price target to $16 per share from a prior target of $15. The shares have been rated Equal-weight. The rating by the firm was issued on August 5, 2016.

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.

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