DraftKings Stock Rises 14% in a Month: Time to Buy or Wait for a Dip?

Shares of DraftKings Inc. (DKNG) showcased outstanding performance in the past month, significantly outperforming the Zacks Gaming industry and the S&P 500. The company is benefiting from an increase in new online sportsbook and iGaming customers as well as improved product offerings. In the past month, DKNG stock moved up 13.6% compared with the industry's 6.7% gain and the S&P 500's 2.1% increase. As of Monday, the stock closed at $39.20, below its 52-week high of $49.57 but well above its 52-week low of ...