DraftKings Falls as Lockup for Secondary Offering Expires [TheStreet.com]
DraftKings Inc. - Class A (DKNG)
Company Research
Source: TheStreet.com
DraftKings(DKNGGet ReportA 1.7 million-share block was dumped on the market in premarket trading, Bloomberg reported. The block was priced at $42.15 share, 5% beneath Monday’s close of $44.58. That gave the block a $71.7 million value. The trade accounts for 0.6% of DraftKings’ total shares available for trading, according to Bloomberg. DraftKings has about 380 million shares outstanding.DraftKings shares traded Tuesday at $43.07, down 3.39%, and have dropped 33% since Oct. 2. But the stock still has soared 122% from its reverse merger in April.Shares were hit by announcements two weeks ago from the company and early investors such as New England Patriots owner Robert Kraft that they would sell shares, Bloomberg reported.Last week, DraftKings signed its latest media deal, a partnership with Warner Media’s Turner Sports division. Terms weren't disclosed.The multiyear deal will see DraftKings provide sports-betting information and daily fantasy content across Turner Sports telecasts and
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DKNG
News
- 2024 NFL Draft best bets and odds [FOX News]FOX News
- Is DraftKings Stock Going to $60? 1 Wall Street Analyst Thinks So. [Yahoo! Finance]Yahoo! Finance
- Penn Gaming pares gain as Einhorn's Greenlight discloses new stake in Q1 letter [Seeking Alpha]Seeking Alpha
- DraftKings Inc. (NASDAQ: DKNG) had its "buy" rating re-affirmed by analysts at Benchmark Co.. They now have a $50.00 price target on the stock.MarketBeat
- Tactile Systems Technology and ESCO Technologies have been highlighted as Zacks Bull and Bear of the Day [Yahoo! Finance]Yahoo! Finance
DKNG
Earnings
- 2/15/24 - Beat
DKNG
Sec Filings
- 4/24/24 - Form 4
- 4/24/24 - Form 4
- 4/24/24 - Form 4
- DKNG's page on the SEC website