DraftKings Inc. Stock Falls Tuesday, Underperforms Market
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Shares of DraftKings Inc. (DKNG) slipped 5.38% to $10.91 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.11% to 33,241.56 and the NASDAQ Composite Index falling 1.38% to 10,353.23. This was the stock's fourth consecutive day of losses. DraftKings Inc. closed $17.89 short of its 52-week high ($28.80), which the company achieved on December 31st.
Trading volume (8.9 M) remained 9.2 million below its 50-day average volume of 18.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 27, 2022.
(END) Dow Jones Newswires
December 27, 2022 16:50 ET (21:50 GMT)
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