Shares of DraftKings Inc. (NASDAQ:DKNG) traded today at $69.46, eclipsing its 52-week high. Approximately 6 million shares have changed hands today, as compared to an average 30-day volume of 15 million shares.
In the past 52 weeks, shares of DraftKings Inc. have traded between a low of $10.60 and a high of $69.46 and is now at $68.97, which is 551% above that low price.
DraftKings Inc is a digital sports entertainment and gaming company. The company provides users with daily fantasy sports (DFS), sports betting and iGaming opportunities, and is also involved in the design and development of sports betting and casino gaming platform software for online and retail sportsbook and casino gaming products. It derives majority of the revenue from United States.
Potential upside of 13.2% exists for DraftKings Inc., based on a current level of $68.97 and analysts’ average consensus price target of $78.11.
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