Why Is DARLING INGREDIENTS (DAR) Stock Moving Today?

Why DAR stock is down today

Darling Ingredients Inc stock is down 4.14% at $59.74 as of the latest trade. The decline follows a series of recent developments including the sale of production tax credits and insider selling activity. The stock opened at $62.25 and has traded in a declining pattern throughout the session.

What Happened

Darling Ingredients announced the sale of approximately $150 million in production tax credits to an unnamed corporate buyer. This move comes amid a broader strategy that also includes increasing the stock buyback program to $1 billion. Despite these measures, the stock has faced downward pressure. Recent insider transactions show several top executives selling shares, including the Chief Accounting Officer, Chief Strategy Officer, and Chief Administrative Officer. These sales occurred over a three-day period in late August. Meanwhile, the company reported strong second-quarter earnings and revenue that beat estimates, but the stock has continued to decline.

What The Data Shows

Darling Ingredients has a market capitalization of $10.4 billion and a price-to-earnings ratio of 16.8. The stock opened at $62.25 and reached a session high of $62.32 before declining to a session low of $59.34. Trading volume has been 0.1 million shares, which is 0.1 times the 3-month daily average. The stock is currently trading within its 52-week range of $29.15 to $69.98 and has printed eight fresh 52-week lows on August 25. Recent insider filings show five sell transactions totaling $1.8 million and one buy totaling $61,000.

What To Watch

Darling Ingredients has not announced upcoming earnings or other scheduled events. Investors should monitor coverage breadth and any further developments regarding the production tax credit sale or insider activity.