Two of Cathie Wood's ETFs bought a combined 870,299 shares of DraftKings worth some $42.2 million as of Tuesday's closing price
"Despite the 'transitory' message regarding inflation, some on the Committee must be twitching a little uncomfortably," an analyst said.
"This report is written by someone who is short on DraftKings stock with an incentive to drive down the share price," DraftKings said in a response to Hindenburg's report.
The short seller says up to 50% of DraftKing's SPAC partner SBTech's revenue comes from markets where gambling is banned.
"As of now, crypto is not an approved payment type in any of the states where we're live," Robins said.
The agreement will allow DraftKings to integrate its sports-betting content directly into licensed NFL properties.
DraftKings stock rose for a second day, aided by its increased outlook for long-term adjusted EBITDA to $1.7 billion from $1.2 billion a year earlier.
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DraftKings’ stock climbed as much as 10% on Tuesday after Cathie Wood’s ARK Invest Next Generation Internet ETF purchased shares. Further, the research firm Benchmark on Monday raised its price target on DraftKings to $US66, from $US60. Analysts say the company is set to benefit from more states loosening gambling […]
DraftKings soared as much as 8.8% on Wednesday after New York Gov. Andrew Cuomo unveiled legislation backing mobile sports gambling in the state. Should the law pass, New York would become the most populous state yet to embrace online sports betting. Cuomo backed the measure as part of his plan […]
DraftKings rallied as much as 11.1% in early Friday trading after the company beat third-quarter estimates and reported a leap in monthly users. Revenue and earnings for the three-month period landed above analyst expectations, and the company lifted its 2020 and 2021 revenue guidance. Monthly payers jumped 64% from the […]
A DraftKings player missed out on a $US1 million payday after a late stat correction took a sack away from the Chicago Bears defence. User “robocles” was in first place and set to win $US1 million when the Monday night game between the Bears and Rams went final. The lost […]
Week 2 of the NFL season features a full slate of games on Sunday. For daily fantasy players, the difference between winning and losing comes down to finding the best value plays at every position. This week, Insider expects Jared Goff, Nyheim Hines, and CeeDee Lamb to outplay their prices […]
DraftKings surged as much as 10% on Wednesday following the announcement of an exclusive partnership with the New York Giants. The stock also moved as the Big 10 Conference announced plans to commence its previously postponed football season in October. The jump notched another record intraday high for the sports […]
Week 1 of the NFL season features a full slate of games on Sunday. For daily fantasy players, the difference between winning and losing comes down to finding the best value plays at every position. This week, Insider expects Phillip Rivers, Antonio GIbson, and DeSean Jackson to outplay their prices […]
With casinos closed, gamblers have turned to online poker and other casino games in droves. Revenue from online casino games like poker and slots totaled $US402 million in the second quarter of 2020, tripling last year’s numbers, according to a new report. Visit Business Insider’s homepage for more stories. Atlantic […]