BOSTON, March 06, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (NASDAQ:DKNG) ("DraftKings" or the "Company") today announced that Jason Robins, the Company's Chief Executive Officer and Co-founder, will participate in the following event: The Morgan Stanley Technology, Media & Telecom Conference. The fireside chat is scheduled for 2:55PM ET on March 7, 2024. Registration and the live audio portion of the Morgan Stanley Technology, Media & Telecom Conference can be accessed at the conference website or at DraftK ...

DraftKings (DKNG) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this company have returned +8.4%, compared to the Zacks S&P 500 composite's +3.9% change. During this period, the Zacks Gaming industry, which DraftKings falls in, has gained 4%. The key question now is: What could be the stock's future direction?While media releases or rumors about ...

Google the words “Cathie Wood stocks,” and you’ll get nearly 40,000 results. The head of Ark Investment Management is one of the most talked about portfolio managers on Wall Street.Wood’s been loading up on Roku (NASDAQ:ROKU) stock after its nearly 30% decline in 2024. Over the past two weeks, three of the portfolio manager’s ETFs picked up 1.49 million shares for approximately $107 million. It is now the third-largest holding of the flagship Ark Innovation ETF (NYSEARCA:ARKK), with a weight of 7.39% and va ...

PM Images Listen here or on the go via Apple Podcasts and Spotify Why Austin Hankwitz is focused on profitability and cash flow (0:20). Russell 2000 is weirdly undervalued (3:10). This is an abridged conversation from a recent Investing Experts podcast. Transcript Rena Sherbill: Austin Hankwitz, you host Rich Habits Podcast. Writer for Seeking Alpha. I think it might make the most sense to start broad picture how you're looking at the markets and then kind of use that as a jumping off point to see ho ...

Subscribers to Schaeffer's Weekend Trader options recommendation service received this DKNG commentary on Sunday night, along with a detailed options trade recommendation -- including complete entry and exit parameters. Learn more about why Weekend Trader is one of our most popular options trading services.DraftKings Inc (NASDAQ:DKNG) stock staged a post-earnings reversal from the 20-day moving average and $42.25 level, which is a 50% retracement of its all-time highs and 2022 lows. With these levels of sup ...

DraftKings Inc (NASDAQ:DKNG) stock is pointed 3% higher in premarket trading this morning after Barclays upgraded the sports betting stock to "overweight" from "equal weight" and hiked its price target to $50 from $41. The analyst sees DraftKings' leadership position in the growing sports gambling market as secure.This isn't the only analyst action DKNG has seen recently. Late last week, as part of the company's upbeat earnings report, DraftKings agreed to acquire Jackpocket for $750 million, which led to n ...

A roughly 10% pullback in DraftKings Inc.’s stock following last week’s earnings report makes for an “attractive” entry point, according to one analyst. Barclays’ Brandt Montour upgraded the stock to overweight from equal weight Friday, writing that the online-gambling company has an “underappreciated” position in the iGaming business as well as ample opportunity to capitalize on sports-betting traction.DraftKings shares DKNG, +0.22% were up 3% in Friday’s premarket action. See also: Why DraftKings bulls ar ...

Subscribers to Chart of the Week received this commentary on Sunday, February 18.The Super Bowl is, for Bengals fans particularly, mercifully over. The Big Game has been the zenith for overzealous gambling, and the 2018 U.S. Supreme Court ruling ensured that sports betting – and the tireless commercial load they bring – is here to stay. Pretty soon you’ll be inundated with March Madness betting, then NBA playoffs, then baseball, and all of a sudden we’re back to football. There’s no offseason to sports bett ...

The New York Gaming Commission just released numbers showing how New York-based sportsbooks performed during the recent Super Bowl, and the most surprising revelation is how much better one of the biggest sportsbooks did than one of its rivals.DraftKings DKNG, -7.29% made $8.8 million in revenue from $52.3 million in Super Bowl bets, while BetMGM MGM, -0.42% lost $4.8 million after taking in $10.8 million in bets.The biggest sportsbooks had the San Francisco 49ers winning the game against the Kansas City Ch ...

DraftKings shares were shrugging off the company’s latest earnings report, but bulls found plenty of reasons to cheer. As MoffettNathanson’s Robert Fishman put it, “it is not really an exaggeration to say almost everything went right for DraftKings” in 2023, and the biggest stumbling block for the company was likely adverse outcomes for some sporting events. Those negative event outcomes helped drive the company to a surprise loss in the latest quarter. Prior to that, DraftKings DKNG, +0.35% had beaten bott ...