What's Going On With DraftKings Stock?
Portfolio Pulse from Adam Eckert
DraftKings Inc (NASDAQ:DKNG) shares are trading higher after the company filed for a mixed shelf offering and was named a top pick by Morgan Stanley. The stock initially traded lower following the filing but rebounded due to Morgan Stanley's positive outlook and Overweight rating with a $51 price target.
June 10, 2024 | 3:15 pm
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DraftKings shares are trading higher after a mixed shelf offering and being named a top pick by Morgan Stanley, which reiterated an Overweight rating and a $51 price target.
The stock initially traded lower following the mixed shelf offering filing but rebounded due to Morgan Stanley's positive outlook and Overweight rating. The market's reaction to the analyst rating and price target suggests a positive short-term impact on the stock price.
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