DraftKings ( (DKNG) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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DraftKings stock has been influenced by mixed analyst sentiment. Some analysts have maintained a Buy rating, while others have lowered their price targets due to unfavorable trends such as low September hold and increased promotional spending. Despite a slight uptick in shares, insider sentiment is negative due to increased insider selling. Analysts, however, see potential in the stock’s oversold nature, highlighting its brand strength and long-term growth potential.
More about DraftKings
YTD Price Performance: -3.61%
Average Trading Volume: 10,360,962
Technical Sentiment Signal: Sell
Current Market Cap: $31.11B
For further insights into DKNG stock on TipRanks’ Stock Analysis page.
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