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DraftKings quarterly earnings miss expected as focus shifts to 2024 guidance
Proactiveinvestors NA· 2024-07-24 03:47
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...
DraftKings Plans to Launch Mobile Sports Betting in Washington D.C.
Newsfilter· 2024-07-23 19:30
BOSTON, July 23, 2024 (GLOBE NEWSWIRE) -- Today, DraftKings Inc. (NASDAQ:DKNG) announced its intention to launch its top-rated online sportsbook in Washington D.C., pending licensure and regulatory approvals. The expected arrival into the nation's capital follows a market access agreement with D.C. United, which would pave the way for the digital sports entertainment and gaming company to operate in The District of Columbia. Once live, Washington D.C. would become the 29th jurisdiction in North America in w ...
Musburger Media Purchases VSiN, The Sports Betting Network
Newsfilter· 2024-07-23 03:45
LAS VEGAS, July 22, 2024 (GLOBE NEWSWIRE) -- Musburger Media today announced it has purchased VSiN, The Sports Betting Network ("VSiN"), from DraftKings Inc. (NASDAQ:DKNG). Original VSiN founders Brian Musburger and Bill Adee, who were part of the team that previously launched and led the multi-platform broadcast and content company, will lead it moving forward. "While a lot has changed in the sports betting industry over the past three-and-a-half years, our original vision for VSiN still holds and we are c ...
Why the Market Dipped But DraftKings (DKNG) Gained Today
ZACKS· 2024-07-20 06:55
DraftKings (DKNG) closed the most recent trading day at $36.93, moving +0.71% from the previous trading session. The stock's change was more than the S&P 500's daily loss of 0.71%. At the same time, the Dow lost 0.93%, and the tech-heavy Nasdaq lost 0.81%. Shares of the company witnessed a loss of 14.72% over the previous month, trailing the performance of the Consumer Discretionary sector with its loss of 0.43% and the S&P 500's gain of 1.08%. Analysts and investors alike will be keeping a close eye on the ...
3 Growth Stocks to Buy Now: Q3 Edition
Investor Place· 2024-07-18 18:40
Top growth stocks to buy now can be your route to compounding your wealth. If you buy early in the growth phase, you can ride the expansion phase for several years to massive gains. On that note, small and midcap stocks are better growth plays than large-cap ones.In fairness, most large-cap stocks rarely have the upside of smaller capitalization stocks. The law of large numbers means that large-cap companies cannot grow as fast. Furthermore, because they are widely covered by Wall Street analysts, business ...
DraftKings to Release Second Quarter 2024 Results on August 1, 2024 and Host Conference Call on August 2, 2024
GlobeNewswire News Room· 2024-07-16 04:15
BOSTON, July 15, 2024 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) (the “Company” or “DraftKings”) today announced that it will release its second quarter 2024 results after the close of market trading on Thursday, August 1, 2024. DraftKings will host a conference call and audio webcast the following morning, Friday, August 2, 2024, at 8:30 a.m. ET, during which management will discuss the Company’s results and provide commentary on business performance. To listen to the audio webcast and live Q&A, pl ...
DraftKings (DKNG) Beats Stock Market Upswing: What Investors Need to Know
ZACKS· 2024-07-13 06:56
DraftKings (DKNG) closed the most recent trading day at $37.86, moving +1.91% from the previous trading session. This change outpaced the S&P 500's 0.55% gain on the day. Meanwhile, the Dow experienced a rise of 0.62%, and the technology-dominated Nasdaq saw an increase of 0.63%.Heading into today, shares of the company had lost 4.69% over the past month, lagging the Consumer Discretionary sector's loss of 0.99% and the S&P 500's gain of 4.28% in that time.Investors will be eagerly watching for the performa ...
DraftKings (DKNG) Stock Drops Despite Market Gains: Important Facts to Note
ZACKS· 2024-07-11 07:05
In the latest market close, DraftKings (DKNG) reached $36.64, with a -0.27% movement compared to the previous day. This change lagged the S&P 500's daily gain of 1.02%. Meanwhile, the Dow experienced a rise of 1.09%, and the technology-dominated Nasdaq saw an increase of 1.18%.The the stock of company has fallen by 3.92% in the past month, lagging the Consumer Discretionary sector's loss of 2.14% and the S&P 500's gain of 4.44%.Analysts and investors alike will be keeping a close eye on the performance of D ...
DraftKings Stock: Thrown Out With The Bathwater, Why I'm Long
Seeking Alpha· 2024-06-29 02:34
svetikd Investment Thesis DraftKings Inc. (NASDAQ:DKNG) is a stock that has hit a rough patch. The stock appears to be a pointless investment, as it swings down more than 20% from its recent highs. And I know that you'd expect me to come out supporting my own stocks. But at the same time, I have been through these periods enough times to know that investments often look dire and distressing for a while before they find their traction once again. All in all, I continue to believe that DKNG will reach $65 per ...
DraftKings (DKNG) Stock Falls Amid Market Uptick: What Investors Need to Know
ZACKS· 2024-06-27 07:05
The latest trading session saw DraftKings (DKNG) ending at $37.67, denoting a -0.87% adjustment from its last day's close. This move lagged the S&P 500's daily gain of 0.16%. On the other hand, the Dow registered a gain of 0.04%, and the technology-centric Nasdaq increased by 0.49%. The company's shares have seen an increase of 3.8% over the last month, surpassing the Consumer Discretionary sector's gain of 2.11% and the S&P 500's gain of 3.22%. The upcoming earnings release of DraftKings will be of great i ...