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The Latest Breaking News from DraftKings Inc

1 Gambling Stock to Buy in Q4 and 1 to Still Avoid

The gambling industry is well positioned for healthy long-term growth in a post-pandemic world driven by increasing disposable income and the growing popularity of online gambling platforms. While it could be wise to invest in fundamentally strong gambling stock Boyd Gaming (BYD), struggling industry participant DraftKings (DKNG) might be best…

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DraftKings Fails To Win Investors With Q3 Results, Guidance: Could The Company Be Left Behind Over Peers Closer To Profit?

Sports betting and online casino company DraftKings Inc (NASDAQ: DKNG) reported third-quarter financial results before market open Friday. Here are the key highlights and why shares are dropping.

Benzinga

2 Brutal Sell-off Stocks to Avoid This Fall

The Fed seems to be gearing up to respond to hotter-than-expected inflation and employment data for September with further aggressive interest rate hikes. Hence, with market volatility set to become more severe, fundamentally weak stocks Coinbase Global (COIN) and DraftKings (DKNG) are best avoided now. Read on….

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Is DraftKing Stock a Buy After Scoring a Deal With ESPN?

Shares of sports-betting company DraftKings (DKNG) are currently trading more than 75% below their 52-week high, beaten down by volatile market conditions. Furthermore, the company reported a significant loss in its last quarter. Also, analysts expect the company’s EPS to remain negative for at least the next two fiscals. However,…

StockNews.com

2 Beaten-Down Nasdaq Stocks to Avoid

The NASDAQ Composite has been facing significant turmoil due to successive rate hikes. As recessionary fears loom over the economy, beaten-down stocks DraftKings (DKNG) and Affirm Holdings (AFRM) might be best avoided until further notice. Read more….

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Cathie Wood Is Loading up on These 5 Stocks -- Should You?

Cathie Wood’s ETFs have hit a rough patch this year amid volatile market conditions caused by sky-high inflation and the Fed’s hawkish tilt. Moreover, the stock market is expected to remain under pressure in the coming months since the central bank intends to keep hiking rates. So, we think it…

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5 Overhyped Stocks on Wall Street to Avoid Right Now

Wall Street has been abuzz with the return of the meme stocks craze over the past few months. However, as the stock market is expected to remain under considerable pressure in the upcoming months, it could be wise to avoid fundamentally weak overhyped stocks Rivian Automotive (RIVN), Coinbase (COIN), DraftKings…

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Football Season Is Back. Is This Sports Betting Stock, Too?

With the U.S. football season kicking off, sports betting stock DraftKings (DKNG) has been gaining lately. However, will the gains sustain considering its bleak fundamentals? Read on to find out….

StockNews.com

5 Stocks You Need to Sell Before Q4

Market volatility is widespread ahead of the Fed’s September rate hike. Moreover, experts are wary of the near-term market uncertainties. Given this volatile backdrop, it could be wise to avoid fundamentally weak stocks NIO (NIO), Twitter (TWTR), Lucid Group (LCID), DraftKings (DKNG), and AMC Entertainment (AMC). Keep reading….

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3 Stocks Hitting the Panic Button Right Now

The market is expected to remain under pressure with inflation still far higher than the Fed’s target level, consecutive rate hikes, and rising geopolitical issues. Given the increasing odds of a recession, fundamentally weak stocks, DraftKings (DKNG), Carvana (CVNA), and Flux Power (FLUX) are hitting the panic button now. Thus,…

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How DraftKings Investors Who Bet On Q2 Earnings Are Faring Friday

While many of the issues in the growth sector prior have put some distance from their lows for the move, others have not. One issue in that arena is moving following a second-quarter beat: Draftkings Inc (NASDAQ: DKNG), which is the PreMarket Prep Stock Of The Day.

Benzinga

DraftKings Q2 Earnings Highlights: Revenue Beat, Company Raises Guidance, Optimistic On More State Sports Betting Launches

Sports betting and online casino company DraftKings Inc (NASDAQ: DKNG) reported second-quarter financial results before the market open Friday. Here are the key highlights for investors.

Benzinga

NFL Star JJ Watt Trolls DraftKings Over Stock Price, How The Internet Responded

Sports betting company DraftKings Inc. (NASDAQ: DKNG) seemingly drew the ire of National Football League defensive end JJ Watt when it unwisely tagged the Arizona Cardinals star in a tweet.

Benzinga

Is DraftKings Stock a Buy Under $15?

Digital sports entertainment and gaming company DraftKings Inc. (DKNG) has been making several positive developments and generating solid revenues, but it’s unable to channel its revenues to become profitable. So, let’s find out if it is wise to bet on the stock at the current price level.

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Benzinga

DraftKings Extends Partnership With UFC To Include Gamified NFT

DraftKings Inc (NASDAQ:DKNG) and the mixed martial arts organization UFC plan to launch a new iteration of DraftKings' 'Reignmakers' gamified digital collectibles franchise focused on UFC. Reignmakers UFC will allow fans to build collections of their favorite UFC fighters and utilize them in games to compete for prizes. The parties expect the first…

StockNews.com

5 Small-Cap Growth Stocks Wall Street Believes Will Double in the Next 12 Months

The stock market has been under immense pressure of late on investor concerns about Federal Reserve interest rate increases to combat 40-year-high inflation, and growing recession risks. However, the market’s volatility is creating opportunities for investors to buy quality growth stocks at attractive prices. As the markets recover, Wall Street…

StockNews.com

5 Meme Stocks That Have Plummeted 50% or More YTD

Meme stocks gained attention last year, with the shares of numerous fundamentally poor companies soaring to unsustainable price levels owing solely to retail traders' interest in them. However, the gains by these stocks could not be sustained for long, with the prices of many plummeting back to earth this year.…

Benzinga

DraftKings Q1 Earnings Highlights: Revenue Beat, Raised Guidance, New NFTs And More

Sports betting and online gaming company DraftKings Inc (NASDAQ: DKNG) reported first-quarter financial results Friday before the market open. Here are the key highlights and why shares are trading higher.

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Benzinga

What's Going On With DraftKings Stock?

DraftKings Inc (NASDAQ: DKNG) shares are trading lower Thursday amid overall market weakness as traders continue to digest Wednesday's Fed rate hike announcement.

Benzinga

Several Young Athletes To Introduce NFTs On DraftKings Marketplace - Guess Who

DraftKings Inc (NASDAQ:DKNG) has partnered with memorabilia and NFT company Metabilia to supply NFT on DraftKings Marketplace. The collaboration has introduced Membership NFTs for fans to chronicle the careers of top young players. The NFTs will feature star major leaguers beginning with Vladimir Guerrero Jr, Ronald Acuña Jr, Shane Bieber, Wander Franco, Joe…

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2 Gambling Stocks to Buy, 2 to Avoid

The gambling industry is expected to thrive in the post-pandemic environment due to the tourism industry's rebound and rising disposable income. Furthermore, online gambling and sports betting are becoming extremely popular due to advanced technologies and added convenience. Given this backdrop, we think the stocks of fundamentally sound companies Full…

Benzinga

DraftKings Stock Falls To 52-Week Low: What's Going On?

DraftKings Inc (NASDAQ: DKNG) shares closed Thursday down more than 7% at new 52-week lows.

Benzinga

Analyzing DraftKings Inc. - Class A Common Stock's Short Interest

DraftKings Inc. - Class A Common Stock's (NASDAQ:DKNG) short percent of float has fallen 14.98% since its last report. The company recently reported that it has 39.57 million shares sold short, which is 11.75% of all regular shares that are available for trading.

StockNews.com

New indications of forthcoming aggressive interest rate hikes by the Federal Reserve and further sanctions against Russia have dampened investor sentiment again, despite a seemingly recovering economy. Therefore, we think it could be wise to avoid fundamentally weak stocks Hycroft Mining (HYMC), SoFi Technologies (SOFI), DraftKings (DKNG), and Opendoor Technologies…

Benzinga

DraftKings Expands Partnership With Mashantucket Pequot Tribal Nation

DraftKings Inc (NASDAQ:DKNG) and the Mashantucket Pequot Tribal Nation have agreed to expand their relationship to offer DraftKings online and retail sports betting in Puerto Rico. The move comes after Foxwoods and DraftKings launched sports betting and iGaming in Connecticut in October 2021. The DraftKings retail sportsbook will be located inside the Foxwoods…

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