DraftKings shares are trading higher. The stock may be continuing to gain amid the NCAA Tournament as well as overall market strength.
Portfolio Pulse from Benzinga Newsdesk
DraftKings shares are trading higher, potentially due to the ongoing NCAA Tournament and overall market strength.
April 05, 2024 | 7:47 pm
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DraftKings shares are experiencing an uptick, likely influenced by the NCAA Tournament and a robust market environment.
The NCAA Tournament is a significant event in sports betting, likely increasing user engagement and betting volume on DraftKings' platform. Additionally, a strong overall market provides a favorable backdrop for growth stocks like DKNG, contributing to its positive performance.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90