DraftKings (DKNG) – A Great Stock To Buy ?

Based on the data for one month, you can see that the price per stock was highly volatile, resulting in a drop from $ 51 to $ 49 in the price per stock. Analysts, on the other hand, believe that the corporation can thank its patient investors.

Founded in 2007, DraftKings is an online sports platform that allows users to participate in daily fantasy sports and compete for cash prizes. The company is well-positioned to capitalize on the expanding legalization of digital sports betting throughout the United States.

The stock of DraftKings is trading above its 50-day moving average, but it is still below the long-term 200-day moving average. It has the potential to establish a base if the stock is able to rebound from its downturn. At this time, there is no purchase point available. The stock has fallen almost 31% from its 52-week high. analysts say that the stock deserves your attention, but before investing, you should conduct your own research.

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