Watching DraftKings; Hearing Rumor Of 4M Share Block Trade, Stock Now Down -4%
Portfolio Pulse from Happy Mohamed
DraftKings (DKNG) stock is down by 4% amid rumors of a 4 million share block trade.
July 31, 2023 | 1:55 pm
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NEGATIVE IMPACT
DraftKings' stock price has fallen by 4% due to rumors of a 4 million share block trade.
The rumor of a large block trade can lead to increased selling pressure, which can drive down the stock price. In this case, the rumor of a 4 million share block trade has led to a 4% drop in DraftKings' stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100