Don't Sweat the DraftKings Stock Pullback

Shares of DraftKings Inc (NASDAQ:DKNG) were last seen down 3.9% at $39.99, after the sports betting giant closed on its senior secured Term Loan B credit facility for an increased$600 million -- up from the initially announced $500 million on the heels of higher demand.The stock is now trading below its 126-day moving average, after spending a considerable amount of time above it. Specifically, DKNG had traded north of this trendline 80% of the time in the past two months and in eight of the last 10 sessio ...