Shares of DraftKings Inc. (NASDAQ:DKNG) traded today at $74.35, eclipsing its 52-week high. This new high was reached on below average trading volume as 6 million shares traded hands, while the average 30-day volume is approximately 17.4 million shares.
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 & development of sports betting and casino gaming platform software for online and retail sportsbook and casino gaming products. It operates in two segments: Business-to-consumer(B2C) and Business-to-Business(B2B), of which the vast majority of its revenue comes from the B2C segment. Geographically, it derives most of its revenue from the United States.
DraftKings Inc. share prices have moved between a 52-week high of $74.35 and a 52-week low of $10.92 and are now trading 542% above that low price at $70.12 per share.
Potential upside of 2.7% exists for DraftKings Inc., based on a current level of $70.12 and analysts’ average consensus price target of $72.04.
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