Tag: DraftKings stock

Investors can buy shares of DFS operator DraftKings as of Friday after the company went public on the Nasdaq exchange. (Image: Boston Globe)

DraftKings Stock Tanks Despite Positive Earnings Report

It appears that good news doesn’t always prompt positive results. At least that’s what happened at DraftKings, which saw its stock tumble early this week despite a better-than-expected first-quarter earnings report. The company reported a loss of 36 cents per share, better than the 41 cents per share that analysts […]

DraftKings’ Q3 Gains Create Stock Surge, But is Success Sustainable?

DraftKings’ Q3 Gains Create Stock Surge, But is Success Sustainable?

Buoyed by a trio of new states approving gambling on Election Day and continued progress with professional sports partnerships, DraftKings reported some big third quarter wins on Friday. As a result, shares of DraftKings stock jumped more than 10% to end the week after the company released blockbuster quarter-end totals, […]

DraftKings CEO Jason Robbins said the company will reach two million bets on its mobile app this Sunday, less than two months after debuting it in August. The popularity, he said, is due in large part to betting market surrounding the NFL. (Photo: Mark Rebilas/USA Today)

DraftKings Stock Booms with Return of Football, Deal Announcements

With the return of the NFL and the announcement that the Big 10 will resume playing college football in October, DraftKings saw its stock soar in the past week. Although the price dipped some this week, trading at around $51 per share on Wednesday afternoon, DraftKings has been among the […]