Live Trading News
Latest News

Sitting on a Cash Pile 16.0? Sports Betting in Vogue

By Paul Ebeling1 min read

#cash#bullish#buy

$DKNG

Following a US Supreme Court decision in Y 2018, 32 states legalized sports betting, and with a new NFL season just about to start, there are some opportunities among online betting companies.

DraftKings Inc. (NASDAQ:DKNG) received a lot of attention from meme-stock investors in mid-June, and that pulled the online betting firm’s stock back into positive territory.

Shares are up about 12.5% YTD. We have 82 1yr price target, above the 70.80 consensus target. Friday DKNG closed within its 52-k range of 34.28 - 74.38 at 52.01. DraftKings does not pay a dividend.

Have a prosperous day, Keep the Faith!

Advertisement
Target150
Keep reading
Read Live Trading News on Telegram

Every story, signed and delivered.

Subscribe to the kxco channel and get the headline, the AI-written key takeaways, and the chain-anchor link the moment we publish. Audio versions and per-ticker subscriptions arrive in the next iteration.

Open @KnightsbridgeInsightsNo email required.