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Delek US Holdings (NYSE:DK) Executive Vice President, Special Projects, Reuven Spiegel, sold 700 shares of common stock on July 7, 2025, at a price of $24.00, for a total transaction value of $16,800. The sale comes as the stock trades near its 52-week high of $24.69, having gained over 33% in the past six months. According to InvestingPro analysis, the stock is currently showing overbought signals.
Following the transaction, Spiegel directly owns 52,929 shares of Delek US Holdings. The sale was executed under a pre-arranged 10b5-1 trading plan adopted on March 6, 2025. For deeper insights into insider trading patterns and comprehensive financial analysis, InvestingPro subscribers can access detailed reports covering Delek’s financial health metrics and growth prospects, with 13 additional key insights available.
In other recent news, Delek Logistics (NYSE:DKL) Partners announced plans to offer $500 million in senior notes due in 2033 through a private placement. The proceeds are intended to repay a portion of its outstanding revolving credit facility borrowings. Fitch Ratings downgraded Delek US Holdings’ Issuer Default Rating to ’B+’ from ’BB-’, citing elevated leverage and increased business risk after divesting its retail business. Moody’s also downgraded Delek US Holdings, lowering its Corporate Family Rating to B1 from Ba3, due to weak credit metrics and high gross debt. Meanwhile, JPMorgan adjusted the price target for Delek US Holdings to $19, maintaining a Neutral rating, following the company’s first-quarter results and share repurchase activity. Mizuho (NYSE:MFG) upgraded Delek US Holdings to Outperform, setting a new price target of $23, highlighting potential benefits from market trends and improved refining fundamentals. These developments reflect the company’s ongoing financial adjustments and strategic initiatives.
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