Delek US Holdings Inc. (DK) Settles Into New 52-Week Low on March 12 Session

Equities Staff  |

Shares of Delek US Holdings Inc. (DK) sank into a new 52-week low yesterday, and could be a company to watch at the open. The company’s stock fell to as low as $7.79 yesterday after opening at $9.51. By the closing bell, the company's stock was at $8.85 a share for a loss of 16.67%.

While no company wants to see their stocks fall into a new 52-week low, opportune investors may have reason to celebrate. Bullish investors with a healthy tolerance for risk may view this as a chance to buy stocks as distressed prices before a bounce back. With that said, whenever a stock falls into new negative territory, there usually is a compelling reason for it. Investors bearish on the stock might see the stock reaching its lowest price in a year as a sign of growing downward momentum and take it as a good reason to sell their shares. Bulls, though, could likely see a new 52-week low as the stock hitting its low point and anticipate a recovery in the share price.

Delek US Holdings Inc. saw 5.68 million shares of its stock trade hands, that's out of 73.41 million shares outstand. The stock has an average daily volume of n/a shares. After hitting a new 52-week low, Delek US Holdings Inc. enters the new trading day with a market cap of 649.72 million, a 50-day SMA of $n/a and a 200-day SMA of $n/a

For a complete fundamental analysis analysis of Delek US Holdings Inc., check out Equities.com’s Stock Valuation Analysis report for DK.

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Delek US Holdings is an integrated energy business focused on petroleum refining, transportation, and storage; and wholesale crude oil, intermediate, and refined products, and convenience store retailing. The company owns and operates independent refineries that produce a variety of petroleum products for transportation and industrial markets in the United States. Delek's logistics segment sells portions of the petroleum products its refineries produce. The logistics segment generates revenue through gathering, transporting, and storing crude oil and intermediate products, as well as by marketing, storing, and distributing refined products. The company also offers a collection of retail fuel and convenience stores operating in the Southeast region of the United States.

Delek US Holdings Inc. has 3,814 employees, is led by CEO Ezra Uzi Yemin, and makes its home in Brentwood, TN.

Delek US Holdings Inc. is also a component of the Russell 2000 Index, which is generally viewed as the most reliable indicator of the health of the broader small-cap market. Using a rules-based methodology, it creates a simple, unbiased view of how America's stable of smaller publicly traded companies are performing in the stock markets. The index consists of the 2,000 smallest companies of the 3,000 largest publicly-traded companies in the country as judged by market cap. It's constructed by Russell Investments, which also builds and maintains the Russell 3000 (an index consisting of all 3,000 biggest companies by market cap) and the large-cap Russell 1000 (which has the 1,000 largest companies from the Russell 3000).

To get more information on Delek US Holdings Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: DK’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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