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0 -0.00062893081761005 0.0025157232704402 0.00597484276729564 0.00597484276729564 0.00566037735849056 -0.000311320754716926 -0.00283018867924528
Stock impact report

DraftKings: The Market Should (And Will) Have Some Faith [Seeking Alpha]

DraftKings Inc. - Class A (DKNG) 
Company Research Source: Seeking Alpha
Comparisons to the mature U.K. market highlight regulatory risks and stagnant long-term returns for gambling stocks, tempering optimism for DKNG. But the threat from prediction markets seems overblown, and DraftKings still has multiple paths toward growing revenue and expanding margins. I see a short-term trading opportunity after DKNG's recent 8% drop and a longer-term case as market sentiment turns. Joe Hendrickson/iStock Editorial via Getty Images In a matter where valuation hasn't always seemed to matter, for DraftKings ( DKNG ) stock it seems that valuation absolutely has mattered: To be fair, using a five-year chart colors the story somewhat: January 2021 was This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in DKNG over the next 72 hours. I w Show less Read more
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