DraftKings Stock Bearish Momentum With A 4% Slide So Far On Wednesday

Shares of DraftKings slid 4.04% to $48.79 at 14:28 EST on Wednesday, following yesterday's upward trend. The Nasdaq Stock Market is falling 1.38% to $12,409.00, after four consecutive sessions in a row of gains, on what as yet seems, an all-around negative trend trading session today. DraftKings's last close was $50.85, 31.56% under its 52-week high of $64.19.

DraftKings's Revenue

Year-on-year quarterly revenue growth grew by 98.2%, now sitting on 423.22M for the twelve trailing months.

DraftKings's Stock Top and Bottom Yearly Value

DraftKings's stock is valued at $48.79 at 14:28 EST, way under its 52-week high of $64.19 and way above its 52-week low of $10.07.

DraftKings's Moving Average

DraftKings's value is way higher than its 50-day moving average of $44.30 and way above its 200-day moving average of $41.26.

Previous days news about DraftKings

DraftKings stock falls after J.P. Morgan analyst gives a not-bullish endorsement. According to MarketWatch on Mon Dec 7, "The stock was headed for a third-straight loss, and has lost 4.9% during that stretch. Politzer initiated DraftKings with a neutral rating and $48 stock price target, which is 1.2% below current levels. Politzer said "there is a lot to like" about the company, including its position as a leader in the sports betting marketplace, signs that U.S."