Market Whales and Their Recent Bets on DKNG Options
Portfolio Pulse from Benzinga Insights
Investors have shown a bearish stance on DraftKings (NASDAQ:DKNG), with unusual options activity indicating a split sentiment (47% bullish, 52% bearish). The activity targets a price range of $39.0 to $50.0. DraftKings, a leader in online sports and casino gambling, is currently trading at $42.19, down 1.38%, with a neutral RSI. Analysts have issued mixed ratings, with a consensus target price of $53.6. The next earnings report is due in 2 days, potentially influencing the stock's direction.
April 30, 2024 | 4:45 pm
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Unusual options activity and mixed analyst ratings indicate uncertainty around DraftKings, with a near-term earnings report potentially impacting stock direction.
The bearish and bullish options activity, combined with the upcoming earnings report and mixed analyst ratings, suggests a period of uncertainty and potential volatility for DKNG stock. The consensus target price above current trading suggests some analysts see upside potential, but the bearish options bets indicate concern among some investors.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100