DraftKings Options Trading: A Deep Dive into Market Sentiment
Portfolio Pulse from Benzinga Insights
Financial analysts have observed a bullish sentiment in DraftKings (NASDAQ:DKNG) options trading, with 62% of traders being bullish. The analysis highlighted unusual trades, with a focus on a price band between $32.0 and $55.0. DraftKings, known for its online sports and casino gambling, is live with online sports betting in 24 states and iGaming in seven states. The company's stock is currently up by 3.24%, with a price of $42.07. Analysts have set an average price target of $52.8 for DKNG, with ratings ranging from Buy to Overweight.
February 22, 2024 | 5:16 pm
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DraftKings shows a bullish trend in options trading, with a current stock price up by 3.24% and an average analyst price target of $52.8. The company operates in online sports betting and iGaming across multiple states.
The bullish sentiment in options trading, combined with the positive outlook from analysts and the company's significant presence in online sports betting and iGaming, suggests a potential short-term upward movement in DKNG's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100