DraftKings stock is definitely risky because it is still in its infancy, and this makes it very expensive. However that’s acceptable for a long term leap of faith. Those who know the business well can ignore valuation risks and have more confidence than those trading the price action. They ...
News broke on Monday of the investment firm acquiring 3,365,400 shares of the company’s stock after markets closed on Friday. Other ARK Invest buys this week include DraftKings (NASDAQ:DKNG), Tencent Holdings (OTCMKTS:TCEHY) and Teladoc Health (NYSE:TDOC). ARK Invest is a private...
Not all young companies get a pass on losing money, even when revenue is rising, but broadly speaking, that’s the treatment DraftKings is getting. On Monday, three analystslifted price targetson the stock after one did so last week. Said another way, in the span of two trading days, fo...