Reported 2 days ago
Delek US Holdings, Inc. (DK) saw its stock plunge 19.71% this week, hitting a 52-week low due to escalating global trade tensions and a sharp drop in oil prices. Despite temporary exemptions in tariffs for oil and gas, the company reported significant losses of $413.8 million in Q4 2024 and missed revenue expectations by over $201 million. Additionally, OPEC+'s decision to increase output has further pressured oil prices, leading to worsening economic forecasts by firms like JP Morgan.
Source: YAHOO