Why DraftKings Stock Fell This Week
Week to date, shares of (NASDAQ: DKNG) were down 12.6% through Thursday's market close, according to data provided by S&P Global Market Intelligence.
The stock has more than doubled this year, as the company achieves higher profitability well ahead of expectations. But the stock tumbled this week after Walt Disney's ESPN partnered with sports betting rival Penn Entertainment to form a new platform that could compete aggressively with DraftKings.
The deal with Disney will give Penn exclusive access to ESPN content with a deeply integrated new platform called ESPN Bet.
Source Fool.com
DraftKings Inc. Stock
€22.40
2.790%
The stock is one of the favorites of our community with 88 Buy predictions and 1 Sell predictions.
As a result the target price of 35 € shows a very positive potential of 56.25% compared to the current price of 22.4 € for DraftKings Inc..
