Why DraftKings Stock Sank by 22% Last Month
September was the month when the new National Football League (NFL) season kicked into high gear. However, you might not know that from the performance of a company eagerly courting the league's many bettors -- next-generation wager specialist (NASDAQ: DKNG).
That's because the company's stock sank by 22% that month on the back of several negative factors, including competition and one or more downbeat analyst notes. All in all, the company was likely glad when September ended.
DraftKings started the month on something of a high note, as it published market-pleasing quarterly results only a few weeks earlier.
Source Fool.com
DraftKings Inc. Stock
€20.80
4.660%
With 85 Buy predictions and 1 Sell predictions DraftKings Inc. is one of the favorites of our community.
With a target price of 35 € there is a hugely positive potential of 68.27% for DraftKings Inc. compared to the current price of 20.8 €.
