DraftKings (DKNG) closed the most recent trading day at $38.69, moving +0.6% from the previous trading session. The stock exceeded the S&P 500, which registered a gain of 0.53% for the day. At the same time, the Dow added 0.64%, and the tech-heavy Nasdaq gained 0.19%.Coming into today, shares of the company had gained 7.46% in the past month. In that same time, the Consumer Discretionary sector gained 0.31%, while the S&P 500 gained 2.48%.The upcoming earnings release of DraftKings will be of great interest ...

Both brick-and-mortar and online gambling markets are indeed expanding. On the brick-and-mortar side, Japan and New York are adding new casinos, while Texas appears to be moving in that direction. And on the online side, new American states are constantly legalizing betting. Also importantly, gambling has always been and will always be a very popular activity. As a result of these developments, the top and bottom lines of many gambling companies will explode over the longer term. Consequently, long-term inv ...

DraftKings (NASDAQ:DKNG) stock is looking to close in the green Wednesday as the sportsbook company inches closer to a deal with Barstool Sports. Indeed, it appears the media company is in advanced talks on a broad sports betting contract with DraftKings, per several anonymous sources.The deal would make Barstool a DraftKings marketer, promoting its sports odds and earning referral fees to its sportsbook. However, the opposite likely wouldn’t apply as Barstool wouldn’t attach its brand to a sportsbook or be ...

There are two sides to every wager, and this was on display with DraftKings (DKNG 0.34%) late last week. Stifel upgraded the stock from hold to buy on Friday morning, just as BNP Paribas was downgrading shares of the online sportsbook operator from neutral to underperform.Seeing a pair Wall Street pros go different ways on a battleground stock isn't unusual. What's an inefficient market without a dash of divergence? However, for a stock like DraftKings that has already more than tripled over the past year, ...

Boston, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Spring is so close, we can almost taste it. But, every year all eyes are on Gobbler's Knob, Pa., and if the fuzzy meteorologist Punxsutawney Phil, will see his shadow revealing whether we're in for more winter hibernation or an early spring awakening. Taking the weather forecast tradition into their own hands as the Official Beer of Groundhog Day, Samuel Adams is teaming up with DraftKings Inc. (NASDAQ:DKNG) to give drinkers a first-of-its-kind fan prediction pool: ...

For years, gambling was widely considered to be a vice industry akin to alcohol or tobacco. But over the last few years, a specific form of gambling -- sports betting -- has started to become more mainstream. This shift largely has to do with the rise of mobile sports betting apps.If you watch sporting events on television, it's nearly impossible not be bombarded with advertisements for apps such as FanDuel, PointsBet, DraftKings (DKNG 0.85%), and many others. Sports betting companies are leveraging former ...

Shares of DraftKings (DKNG 0.21%) popped 14.2% this week, according to data provided by S&P Global Market Intelligence, as multiple analysts weighed in with positive notes following the online betting platform's launch in Vermont last week. The launch marked the 26th U.S. state in which DraftKings operates, in addition to Ontario, Canada.Why these analysts think DraftKings will outperformIn a note to clients Thursday, Stifel analyst Jeffrey Stantial upgraded shares of DraftKings to buy from hold, raising hi ...

The NFL playoffs kick into high gear this weekend, with only eight teams remaining. After that, it’s time for the conference championships and then… the Super Bowl. That could be great news for investors looking to wager on DraftKings (NASDAQ:DKNG) and other sports betting and casino companies.Sure, it’s a cliché to refer to big events as the Super Bowl of something. But Feb. 11 is the legitimate Super Bowl, and millions of Americans are expected to place bets on DraftKings, FanDuel and other popular sports ...

Wall Street Has Different Opinions on DraftKings Stock. Here Are the Arguments. ...

DraftKings (DKNG) shares rallied 7% in the last trading session to close at $37.54. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 2.3% gain over the past four weeks.DKNG's momentum persists following the introduction of its sportsbook in Vermont. This strategic move expands DraftKings Sportsbook's footprint to Vermont, the 26th U.S. state, complementing its existing operations in Ontario, Canada. With a str ...