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DraftKings stock sinks to near 2-year low, as sellers aren't regretting their decision yet

34626 draftkings stock sinks to near 2 year low as sellers arent regretting their decision yet

Share of DraftKings Inc. DKNG, -1.12% dropped 3.2% in afternoon trading Thursday, putting them on track for the lowest close since April 2020. The digital sports entertainment and gaming company’s stock is now below the 2 1/2-week low close of $17.38 on March 8, which followed a 26.6% tumbled amid a six-day losing streak. It was after that close that Chief Executive Jason Robins tweeted that he was “on a mission” to make sellers of the stock “regret that decision more than any other decision you’ve ever made in your lift.” The stock has now plunged 43.4% over the past three months, and had plummeted 75.2% over the past 12 months, while the S&P 500 SPX, -0.43% has declined 9.8% the past three months and gained 9.1% over the past year.

Source: Marketwatch

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