Check Out What Whales Are Doing With DKNG
Portfolio Pulse from Benzinga Insights
Investors and traders have shown increased interest in DraftKings (NASDAQ:DKNG), with a notable uptick in options trading activity. Benzinga's options scanner revealed 8 significant trades, indicating a mixed sentiment with 62% bullish and 38% bearish positions. The trades suggest a target price range of $23.0 to $45.0 for DKNG. Analysts have recently issued ratings for DraftKings, with a consensus target price of $54.2, reflecting a positive outlook on the stock. DraftKings is currently live with online sports betting in 24 states and iGaming in seven, holding a strong market position.
April 19, 2024 | 2:18 pm
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POSITIVE IMPACT
DraftKings has seen significant options trading activity, with a mix of bullish and bearish sentiments. Analysts have set a consensus target price of $54.2, indicating a positive outlook. The company's expansion in online sports betting and iGaming sectors contributes to its strong market position.
The increased options trading activity, particularly the bullish sentiment among the majority of trades, combined with positive analyst ratings and DraftKings' strategic market positioning, suggests a potential short-term upward movement in DKNG's stock price. The company's expansion and strong presence in the online betting market further support this outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100