DKNG Stock – DraftKings Inc. Cl A stock outperforms market despite losses on the day
Shares of DraftKings Inc. Cl A
slid 0.30% to $63.39 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the NASDAQ Composite Index
falling 0.57% to 15,286.64 and Dow Jones Industrial Average
falling 0.20% to 35,031.07. DraftKings Inc. Cl A closed $10.99 short of its 52-week high ($74.38), which the company achieved on March 22nd.
Despite its losses, the stock outperformed some of its competitors Wednesday, as Las Vegas Sands Corp.
fell 2.20% to $43.94 and MGM Resorts International
fell 2.30% to $42.44. Trading volume (13.1 M) eclipsed its 50-day average volume of 10.8 M.