Why Delek Holdings Rallied Today
Yahoo Finance ·
Shares of U.S. jet fuel refinery Delek U.S. ( DK +6.21% ) rallied on Thursday, up 6% on the trading day, even as markets overall were flat. Delek is a small- to mid-cap refining stock that also owns a 63% stake in Delek Logistics Partners ( DKL +2.94% ) . While the company is small, it is also known for having a high percentage of refining revenue coming from jet fuel, compared with most other domestic fuel refineries. Today, a fire at another U.S. refinery that primarily supplies jet fuel, owned by one of the major U.S. airlines, spurred a rally in Delek, which could become a beneficiary.
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