A Bad Sign for DraftKings Heading Into Earnings
Sports betting company DraftKings (NASDAQ: DKNG) is set to report earnings Nov. 13. The stock is already up a whopping 300% year to date, and that makes it vulnerable to bad news that could lead its stock price to pull back.
The coronavirus pandemic is causing many changes to consumer behavior, and one of them could be a bad sign for DraftKings. Investors will want to keep reading to find out what that is and how it might impact the stock.
DraftKings is hoping decreasing viewership did not hurt its revenue. Image source: Getty Images.
Source Fool.com
