Why DraftKings Stock Is Sinking Today

DraftKings' Q2 report arrived with some notable positives, but investors aren't liking the big picture. DraftKings (DKNG -9.75%) stock is getting hit hard in Friday's trading. The online gambling specialist's share price was down 11.6% at 11:30 a.m. ET, according to data from S&P Global Market Intelligence. DraftKings published its second-quarter results after the market closed yesterday, delivering mixed results. While the company's earnings beat expectations, sales for the period fell short of Wall Street ...