DraftKings Inc. Stock Falls Wednesday, Underperforms Market
This article was automatically generated by MarketWatch using technology from Automated Insights.
Shares of DraftKings Inc. (DKNG) slid 1.98% to $13.89 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the NASDAQ Composite Index falling 1.24% to 10,957.01 and Dow Jones Industrial Average falling 1.81% to 33,296.96. The stock's fall snapped a seven-day winning streak. DraftKings Inc. closed $11.12 below its 52-week high ($25.01), which the company achieved on March 1st.
Trading volume (12.3 M) remained 3.5 million below its 50-day average volume of 15.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 18, 2023.
(END) Dow Jones Newswires
January 18, 2023 16:50 ET (21:50 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.