Why DraftKings' Shares Plunged 13.4% on Monday
Shares of DraftKings (NASDAQ: DKNG) fell as much as 13.4% in trading Monday after a COVID-19 outbreak threatened the MLB season. At 2:40 p.m. EDT, shares were still down 8.1% for the day.
As of the latest reports, at least 14 players and staff with the Miami Marlins have tested positive for COVID-19, and there's fear this could derail pro sports in the U.S. MLB, the NBA, and MLS are all resuming activity, although most have some sort of bubble in place. Among those leagues, this is the first major outbreak we've seen and isn't a great sign for sports returning in general.
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Source Fool.com
