Check Out What Whales Are Doing With DKNG
Portfolio Pulse from Benzinga Insights
Financial giants have made a bearish move on DraftKings (NASDAQ:DKNG) with 60% of options trades showing bearish tendencies. The options activity indicates a targeted price range of $28.0 to $50.0 over the last 3 months. Despite this, analysts maintain a positive outlook with an average target price of $54.6.
July 05, 2024 | 7:03 pm
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Financial giants have made a bearish move on DraftKings with 60% of options trades showing bearish tendencies. Despite this, analysts maintain a positive outlook with an average target price of $54.6.
The significant bearish options activity suggests that large investors expect a decline in DraftKings' stock price in the short term. However, the positive analyst ratings and high target prices indicate a potential for recovery or growth in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100