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The Latest Breaking News from DraftKings Inc

DraftKings Q1 Earnings Highlights: Revenue Beat, Raised Guidance, New NFTs And More

Sports betting and online gaming company DraftKings Inc (NASDAQ: DKNG) reported first-quarter financial results Friday before the market open. Here are the key highlights and why shares are trading higher.

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What's Going On With DraftKings Stock?

DraftKings Inc (NASDAQ: DKNG) shares are trading lower Thursday amid overall market weakness as traders continue to digest Wednesday's Fed rate hike announcement.

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Several Young Athletes To Introduce NFTs On DraftKings Marketplace - Guess Who

DraftKings Inc (NASDAQ:DKNG) has partnered with memorabilia and NFT company Metabilia to supply NFT on DraftKings Marketplace. The collaboration has introduced Membership NFTs for fans to chronicle the careers of top young players. The NFTs will feature star major leaguers beginning with Vladimir Guerrero Jr, Ronald Acuña Jr, Shane Bieber, Wander Franco, Joe…

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2 Gambling Stocks to Buy, 2 to Avoid

The gambling industry is expected to thrive in the post-pandemic environment due to the tourism industry's rebound and rising disposable income. Furthermore, online gambling and sports betting are becoming extremely popular due to advanced technologies and added convenience. Given this backdrop, we think the stocks of fundamentally sound companies Full…

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DraftKings Stock Falls To 52-Week Low: What's Going On?

DraftKings Inc (NASDAQ: DKNG) shares closed Thursday down more than 7% at new 52-week lows.

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Analyzing DraftKings Inc. - Class A Common Stock's Short Interest

DraftKings Inc. - Class A Common Stock's (NASDAQ:DKNG) short percent of float has fallen 14.98% since its last report. The company recently reported that it has 39.57 million shares sold short, which is 11.75% of all regular shares that are available for trading.

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New indications of forthcoming aggressive interest rate hikes by the Federal Reserve and further sanctions against Russia have dampened investor sentiment again, despite a seemingly recovering economy. Therefore, we think it could be wise to avoid fundamentally weak stocks Hycroft Mining (HYMC), SoFi Technologies (SOFI), DraftKings (DKNG), and Opendoor Technologies…

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DraftKings Expands Partnership With Mashantucket Pequot Tribal Nation

DraftKings Inc (NASDAQ:DKNG) and the Mashantucket Pequot Tribal Nation have agreed to expand their relationship to offer DraftKings online and retail sports betting in Puerto Rico. The move comes after Foxwoods and DraftKings launched sports betting and iGaming in Connecticut in October 2021. The DraftKings retail sportsbook will be located inside the Foxwoods…

Benzinga

Peering Into DraftKings Inc. - Class A Common Stock's Recent Short Interest

DraftKings Inc. - Class A Common Stock's (NASDAQ:DKNG) short percent of float has risen 5.98% since its last report. The company recently reported that it has 44.96 million shares sold short, which is 13.82% of all regular shares that are available for trading.

Benzinga

DraftKings Launches College Basketball NFTs: Here Are The Details Including Drop Dates And Prices

Sports betting company DraftKings Inc (NASDAQ: DKNG) is pushing further into the non-fungible tokens market with a new series planned around college basketball.

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DraftKings Partners With Zero Hash To Earn Staking Rewards On Polygon

DraftKings Inc (NASDAQ:DKNG) said it has partnered with business-to-business embedded infrastructure platform, Zero Hash, to earn staking rewards on the Polygon (MATIC) blockchain network. The collaboration aims to optimize DraftKings' working capital and liquidity. PoS refers to proof of stake, a blockchain consensus mechanism for verifying and adding transactions on a blockchain. Zero…

Benzinga

Why DraftKings Shares Are Falling Today

DraftKings Inc (NASDAQ: DKNG) is trading lower Tuesday after Wells Fargo analyst Daniel Politzer downgraded the stock from an Overweight rating to an Equal-Weight rating and lowered the price target from $41 to $19.

Benzinga

'We'll Play The Long Game': DraftKings CEO Remains Confident In Strategy Despite Stock Plunge

DraftKings Inc (NASDAQ: DKNG) shares are down 20% Friday despite announcing strong revenue numbers and raising 2022 guidance. So why is the stock falling?

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Why DraftKings Shares Are Plummeting Today Premarket

DraftKings Inc (NASDAQ: DKNG) reported

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VSiN Offers Free Access To Sports Betting Coverage For 'Big Game'

DraftKings Inc's (NASDAQ:DKNG) sports betting network VSiN offers free access to sports betting coverage for the 56th edition of the NFL's Big Game. VSiN, acquired by DraftKings in March 2021, delivers the news, analysis, and insights sports bettors need to make informed wagering decisions. VSiN will present all video, audio, and digital content…

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DraftKings To Launch Mobile Sportsbook In Louisiana

DraftKings Inc (NASDAQ:DKNG) plans to expand its relationship with Golden Nugget Casino Lake Charles by launching mobile sports betting for eligible customers in the state's permitted parishes starting on Friday, January 28. Louisiana becomes the seventeenth state to offer DraftKings' online sportsbook, and the company is now live in 18 states. "Although Louisiana…

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Why DraftKings Shares Are Ripping Higher Today

DraftKings Inc (NASDAQ: DKNG) is trading higher Wednesday following positive analyst coverage from Morgan Stanley. Morgan Stanley analyst Thomas Allen upgraded DraftKings from an Equal-Weight rating to an Overweight rating and announced a $31 price target.

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Morgan Stanley Sees 60% Upside In This Sports Betting Company - Read Why

Morgan Stanley analyst Thomas Allen upgraded DraftKings Inc (NASDAQ:DKNG) to Overweight from Equal Weight with an unchanged price target of $31, implying a 60.46% upside. Allen said that the stock's recent pullback presents an opportunity to invest for the long term. The analyst noted investors "should not ignore" that DraftKings is a leading player in…

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DraftKings Partners With Tulalip Tribes To Operate Sports Betting In Washington

DraftKings Inc (NASDAQ:DKNG) has entered into an exclusive market access partnership with Tulalip Tribes of Washington to bring its retail sportsbook experience to the state of Washington. DraftKings plans to open retail sportsbook locations at Tulalip Resort Casino and Quil Ceda Creek Casino, located about 30-minutes north of Seattle in Tulalip. The DraftKings…

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