πŸ– DraftKings Is Selling Shares After a Surge in Its Stock - Barron's

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DraftKings (NASDAQ:DKNG) is now a public company after merging with an already public shell company in April. Despite the unconventional.


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Is DraftKings Insider Selling a Red Flag? | The Motley Fool
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DraftKings is taking advantage of its surging stock price to offer 33 million shares of stock in a deal that could raise $ billion based on.


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Information on stock, financials, earnings, subsidiaries, investors, and executives for DraftKings. Use the PitchBook Platform to explore the full profile.


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Those who trade the shares of sports-betting hotshot DraftKings (NASDAQ:DKNG​) have, depending on their position and timing, done well.


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DraftKings Inc (NASDAQ: DKNG) shares were trading lower on Thursday after Rpii DK LLC decreased its share stake in the company from.


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DraftKings Inc (NASDAQ: DKNG) shares were trading lower on Thursday after Rpii DK LLC decreased its share stake in the company from.


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Those who trade the shares of sports-betting hotshot DraftKings (NASDAQ:DKNG​) have, depending on their position and timing, done well.


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DKNG | Complete DraftKings Inc. Cl A stock news by MarketWatch. View real-​time stock prices and stock quotes for a full financial overview.


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New Ventures. Many of these additional shares came in the form of insiders cashing out portions of their stock holdings. The high stock price and lack of a lock-up paved the way for the latest offering. Getting Started. Stock Market.

This is somewhat surprising considering that DraftKings enables users to bet on sports, and there haven't been many sports to bet on lately.

About Us. Draftkings stock is currently unprofitable and requires capital to invest in the growing online sports betting market. However, there was draftkings stock such agreement with DraftKings' offering.

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Search Search:. Bulls and bears both have interesting arguments, and only time will prove which camp is correct. Regardless, the stock has performed well, and the company is taking full advantage of this momentum. Many investors view DraftKings as a promising growth stock. However, most insiders had an opportunity to sell shares in the IPO transaction completed in April. Should investors view this insider selling as a red flag or just a sign of healthy demand for the stock? Planning for Retirement. Stock Market Basics. Industries to Invest In. The Ascent. Who Is the Motley Fool? In total, this brought 46 million shares to the public. In addition to its high valuation, there are risks that online sports gambling may not be legalized in as many states as expected, or that DraftKings will not command a leading market share. DraftKings, along with FanDuel owned by Flutter Entertainment , is a leader in the fast-growing market for online sports betting in the United States. In a typical IPO, a company's insiders will establish a lock-up agreement with the early investors in order to not flood the market with additional shares, which may put downward pressure on the stock price. Image source: Getty Images. Investing Best Accounts. Instead, the company merged with an already-public special purpose acquisition company SPAC , which effectively brought the company public. Fool Podcasts. Stock Advisor launched in February of Join Stock Advisor. Of course, insiders should monetize their investment, especially if they can do so at attractive prices, but new investors at DraftKings should invest with eyes wide open. Personal Finance. That being said, insiders and early investors continue to own a large percentage of the company. Many insiders are voting with their wallets and have taken some money off the table. Retired: What Now? Jun 29, at PM.