Financial giants have made a conspicuous bullish move on DraftKings. Our analysis of options history for DraftKings (NASDAQ:DKNG) revealed 23 unusual trades.Delving into the details, we found 56% of traders were bullish, while 34% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $251,660, and 18 were calls, valued at $1,220,400.Expected Price MovementsBased on the trading activity, it appears that the significant investors are aiming for a price territory stretching ...

I believe that DraftKings (NASDAQ: DKNG ) is being punished for the stories of other companies. The brief forced closure of casinos in Macau dueHi, I'm Martin, I focus on maintaining a delta neutral portfolio. I want to be long/short at the same time and benefit from market volatility. I specialize in using options through which I enter and exit trades. I look for market opportunities primarily in small companies, and my search takes me into the waters of mid-sized companies as well.Analyst’s Disclosure:I/w ...

I believe that DraftKings (NASDAQ: DKNG ) is being punished for the stories of other companies. The brief forced closure of casinos in Macau dueHi, I'm Martin, I focus on maintaining a delta neutral portfolio. I want to be long/short at the same time and benefit from market volatility. I specialize in using options through which I enter and exit trades. I look for market opportunities primarily in small companies, and my search takes me into the waters of mid-sized companies as well.Analyst’s Disclosure:I/w ...

On Tuesday, Cathie Wood-led Ark Invest executed significant trades involving DraftKings Inc. (NASDAQ:DKNG), Rocket Lab Corp (NASDAQ:RKLB), and DoorDash Inc. (NASDAQ:DASH).The DraftKings TradeThe ARK Innovation ETF (BATS:ARKK) fund purchased 236,289 shares of DraftKings on Tuesday. With DraftKings’ shares closing at $34.36, the transaction is valued at approximately $8.12 million. This move comes as DraftKings faces mounting pressure from emerging competitors like Kalshi, which has been valued at $5 billion. ...

Welcome to Market Catalyst. I'm Julie Hyman. We are 30 minutes into the US trading day.Here's what we're watching this hour. First up, US stocks rebounding after wiping out $2 trillion in value. We'll have full coverage ahead.Plus, we hone in on risks in Washington from the shutdown to the trade war. And with gold and silver now trading at record highs. We'll look at how investors can play the commodity space.Taking a look at the major average here first. So I want to start with the two-day chart to show ki ...

Sports betting pioneer DraftKings (DKNG) is having a bit of a hard time on Wall Street, with DKNG stock down about 25% over the past month. Utilizing this dip, Cathie Wood’s investment machine, Ark Invest, has recently bought into the stock. Ark Invest disclosed that it purchased a total of 511,049 shares of DKNG stock through its actively managed exchange-traded funds (ETFs). The investment underscores Wood’s preference for taking advantage of volatility and adding stocks to her portfolio when they are u ...

In this article, we will take a detailed look at the Top 10 Trending Stock Ratings and Calls as Tom Lee Says Latest Selloff is a Buying Opportunity.Markets saw a bloodbath on Friday amid President Donald Trump’s new announcement on China tariffs. However, Tom Lee from Fundstrat said in a latest program on CNBC that the selloff was a buying opportunity. The analyst said the latest surge in VIX — popular measure of the stock market’s expectation of volatility — was a “good” thing because it indicates a reboun ...

I am a full-time analyst interested in a wide range of stocks. With my unique insights and knowledge, I hope to provide other investors with a contrasting view of my portfolio, given my particular background.If you have any questions, feel free to reach out to me via a direct message on Seeking Alpha or leave a comment on one of my articles.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the ...

Gambling powerhouse DraftKings Inc. NASDAQ: DKNG is flashing a rare signal that investors typically only see a handful of times in a stock’s lifetime. Its Relative Strength Index (RSI), a key measure of momentum, has collapsed below 15, marking the lowest reading in company history. For context, a reading below 30 indicates that the stock is oversold.  DraftKings TodayDKNGDraftKings$32.79 -2.41 (-6.85%) 52-Week Range$29.64▼$53.61Price Target$53.28Add to WatchlistThat means that after a brutal five-week str ...

About this content About Sean Mason Sean Mason is a Senior Journalist at Proactive, having researched and written about Canadian and US equities for 20 years. Sean graduated from the University of Toronto with a BA in history and economics and has also passed the Canadian Securities Course. He previously worked at Investors Digest of Canada, Stockhouse, and SmallCapPower.com. Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and action ...