Is It Time To Reconsider DraftKings (DKNG) After Recent Share Price Weakness?
- If you are wondering whether DraftKings at around US$23.40 is priced for promise or already baking in a lot of optimism, the next sections will help you frame that question clearly.
- The stock has seen a 4.1% return over the past 7 days and 11.8% over the past 30 days, while year to date it sits at a 34.4% decline and a 29.7% decline over the last year.
- Recent attention on U.S. online sports betting and iGaming regulation, as well as ongoing discussion about market share among major operators, has kept DraftKings in focus for both optimistic and cautious investors. Commentary around customer acquisition costs, promotional intensity across states, and the pace of new state openings helps explain why the share price has moved in fits and…
Source link
