Shares of DraftKings rose 2.8% to $52.72 at 13:05 EST on Wednesday, after two consecutive sessions in a row of losses. NASDAQ Composite is jumping 1.75% to $13,427.92, following last session’s upward trend, This seems, as yet, an all-around positive trend exchanging session today.
DraftKings’s last close was $51.29, 21.76% under its 52-week high of $64.19.
News about DraftKings today
DraftKings stock rallies after morgan stanley turns bullish. According to today’s article on MarketWatch, "Shares of DraftKings Inc. rallied 2.2% in morning trading Wednesday, after Morgan Stanley analyst Thomas Allen turned bullish on the online sports betting company, citing a much bigger than expected total available market (TAM) for the iGaming industry. ", "Allen raised his rating on DraftKings to overweight, and boosted his price target to $60 from $39. "
Year-on-year quarterly revenue growth grew by 98.2%, now sitting on 423.22M for the twelve trailing months.
DraftKings’s last day, last week, and last month’s average volatility was a negative 4.70%, a negative 0.90%, and a negative 0.24%, respectively.
DraftKings’s last day, last week, and last month’s high and low average amplitude percentage was 6.18%, 5.40%, and 5.94%, respectively.
DraftKings’s Stock Yearly Top and Bottom Value
DraftKings’s stock is valued at $52.72 at 13:05 EST, way under its 52-week high of $64.19 and way higher than its 52-week low of $10.60.
DraftKings’s Moving Average
DraftKings’s worth is higher than its 50-day moving average of $50.97 and way above its 200-day moving average of $44.04.