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Public Keys: DraftKings Gets Predictable, Canaan Turns Around and Zelle Likes Stables
Yahoo Financeยท 2025-10-24 21:31
Group 1: DraftKings - DraftKings has officially entered the prediction market by acquiring the prediction market exchange Railbird, a move that was anticipated since July [2] - The new prediction market app will target states without legal sports betting to avoid jeopardizing existing licenses [3][4] - Following the announcement, DraftKings shares experienced a temporary increase but closed at $33.00, down 4.9% for the day and 3.2% for the week [4] Group 2: Canaan - Canaan, a Bitcoin mining rig manufacturer, has been identified as an "accelerating turnaround story" with a price target of $4 by Benchmark analyst Mark Palmer [5] - The company was previously warned about potential delisting from Nasdaq but has since regained compliance with listing standards, closing the week at $1.89 after a 7.39% daily gain and 18.12% weekly gain [5] - Canaan's Avalon line of Bitcoin mining rigs is gaining popularity, and the company's American Depositary Receipts (ADRs) are considered inexpensive, with expectations for appreciation as it executes its strategy [6]