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 ...

Kalshi surpassed $1 billion in monthly contract volume in mid-September, coinciding with the start of the NFL season. It then saw $538 million worth of contracts traded Sept. 27-28. According to LegalSportsReport , 98% of that volume came from sports-related contracts.Prediction markets have been around for a few years, but they gained momentum following the last U.S. presidential election. Their popularity has even gripped Wall Street, where investors and strategists increasingly rely on their odds as a ki ...

Key Points The sports betting specialist wasn't a good bet during the month, as its shares fell at a double-digit rate. Competition is intensifying, with smaller wagering companies snapping up business. 10 stocks we like better than DraftKings › 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 DraftKings (N ...

Kalshi and Polymarket could pose an existential threat to sports-betting companies. ...

Group 1 - DraftKings Inc. (NASDAQ:DKNG) is involved in online sports betting, fantasy sports, iGaming, and retail sportsbook services [2] - Jim Cramer suggested adding a small position in DraftKings and advised waiting for the upcoming report before making further decisions [1] - Cramer highlighted concerns regarding the legality of prediction markets and the potential regulatory impact on online sportsbooks [1] Group 2 - There is a belief that certain AI stocks may offer greater upside potential and carry less downside risk compared to DraftKings [2] - The article mentions the potential benefits of AI stocks from Trump-era tariffs and the onshoring trend [2]

Key Points DraftKings (DKNG) shares have tanked recently, on concerns that prediction markets are a competitive threat to sportsbooks. Cathie Wood's Ark Invest ETFs have taken advantage of the recent weakness, building up a contrarian wager on the sportsbook operator. Negative sentiment could keep shares down in the near term, but all bets are off whether platforms like Kalshi will actually hurt DraftKings and its competitors in the long term. 10 stocks we like better than DraftKings › Building t ...

Mizuho Securities sets a price target of $54 for DraftKings (NASDAQ:DKNG), indicating a potential upside of 63.88%.DraftKings and FanDuel experience over 20% stock price decline due to the rise of prediction markets.Despite challenges, DraftKings maintains a market capitalization of approximately $16.36 billion, showcasing its significant market presence.DraftKings (NASDAQ:DKNG) is a prominent player in the online sports betting and gaming industry. The company offers a range of products, including daily fa ...

DraftKings and FanDuel-parent Flutter have seen their stocks fall more than 20% over the last month, as prediction markets threaten to win their gambling customers. ...

Summary of Key Points Core Viewpoint - Jefferies has lowered its price target for DraftKings Inc. to $51.00 from $54.00 while maintaining a Buy rating, reflecting updated expectations based on recent performance trends [1]. Financial Performance - The updated model indicates weaker third-quarter trends, including lower-than-expected September hold rates and increased promotional spending, which are expected to negatively impact adjusted EBITDA by approximately $150 million [1]. Business Outlook - The primary near-term challenge for DraftKings is the pressure from funding growth initiatives rather than any decline in the core business performance [2]. - Although there are short-term challenges related to earnings timing, the long-term profitability potential of the company remains strong [2].