BOSTON, April 15, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) (the "Company" or "DraftKings") today announced that it will release its first quarter 2024 results after the close of market trading on Thursday, May 2, 2024. DraftKings will host a conference call and audio webcast the following morning, Friday, May 3, 2024, at 8:30 a.m. ET, during which management will discuss the Company's results and provide commentary on business performance. To listen to the audio webcast and live Q&A, please vi ...

DraftKings (DKNG) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this company have returned +6.5%, compared to the Zacks S&P 500 composite's +0.8% change. During this period, the Zacks Gaming industry, which DraftKings falls in, has gained 1.1%. The key question now is: What could be the stock's future direction?While media releases or rumors about a sub ...

This company is profitable and has a huge upside in online gambling.Online gambling is growing rapidly, but it hasn't been profitable long-term and it's not clear if DraftKings (DKNG -1.23%) will change that trend. But there's a way to get a profitable gambling business with upside in online gambling, which Travis Hoium highlights in this video.*Stock prices used were end-of-day prices of April 9, 2024. The video was published on April 10, 2024. ...

The latest trading session saw DraftKings (DKNG) ending at $45.54, denoting a +0.07% adjustment from its last day's close. This change lagged the S&P 500's 0.15% gain on the day. Elsewhere, the Dow lost 0.02%, while the tech-heavy Nasdaq added 0.32%.Shares of the company witnessed a gain of 9.35% over the previous month, beating the performance of the Consumer Discretionary sector with its loss of 0.89% and the S&P 500's gain of 1.65%.The upcoming earnings release of DraftKings will be of great interest to ...

Some of the sports betting world’s biggest players have reportedly turned their sights on Brazil.Companies such as DraftKings and MGM Resorts International are exploring entry into Latin America’s largest economy and its new, and regulated, online gambling market, Bloomberg News reported Wednesday (April 3).The report noted that Brazil — with a population of around 200 million — has emerged as one of the world’s top 10 betting markets since it began relaxing its online gambling laws in 2018. The country cou ...

Despite rallying 130% in the past year, DraftKings still has plenty of upside ahead.DraftKings (DKNG -0.78%) has been on a hot streak with the stock more than doubling in the past year. The company has rapidly expanded as more and more U.S. states legalize online sports betting.Given the stock's strong performance, is it is too late to invest in this leader in the online sports betting industry?Potential to get into more statesThe biggest tailwind for DraftKings has been the gradual rollout of online sports ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about DraftKings (DKNG) .DraftKings currently has an average brokerage recommendation (ABR) of 1.27, ...

The latest trading session saw DraftKings (DKNG) ending at $47.20, denoting a -1.56% adjustment from its last day's close. This move lagged the S&P 500's daily loss of 0.14%. Meanwhile, the Dow lost 0.77%, and the Nasdaq, a tech-heavy index, added 0.17%.The company's shares have seen an increase of 17.41% over the last month, surpassing the Consumer Discretionary sector's gain of 3.33% and the S&P 500's gain of 5.34%.The investment community will be closely monitoring the performance of DraftKings in its fo ...

Online betting firm Rush Street Interactive is reportedly considering a sale, among other strategic options.The company’s representatives have approached potential buyers, Bloomberg reported Thursday (March 21), citing unnamed sources.Rush Street Interactive did not immediately reply to PYMNTS’ request for comment.One of the potential buyers approached by the representatives is DraftKings, according to the report. A spokesperson for DraftKings told Bloomberg that the company often talks with other companies ...

BOSTON and CHATTANOOGA, Tenn., March 21, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) today announced an expanded relationship with Kindbridge Behavioral Health ("Kindbridge") to provide access to therapy and treatment for problem gaming in every jurisdiction where DraftKings operates its online sportsbook and iGaming products. DraftKings and Kindbridge, a pioneering mental health service provider dedicated to supporting individuals facing challenges related to problem gaming, originally joined fo ...