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Tag: DKNG

  • DraftKings Inc. (DKNG) stock declined in the current market; here is why? 

    DraftKings Inc. (DKNG) stock declined in the current market; here is why? 

    DraftKings Inc. (DKNG) declined in the current market after announcing its fourth quarter and fiscal 2021 results. DKNG values at $18.07, losing more than 18% compared to yesterday’s closing price. The stock closed at $22.06 at the end of the last trading session. The stock volume traded in the last trading session was around 27.56 million shares. The current market cap of the company is around $18.38 billion.

    DKNG: Q4 and Fiscal 2021 Key Financials

    • DraftKings Inc. (DKNG) revenue in Q4 2021 was $473 million. It is a gain of more than 47% compared to $322 million in Q4 2020. 
    • Fiscal year revenue was $1.2 billion, and it is an increase of more than 50% compared to the revenue of 614 million in fiscal 2020.
    • The company’s net loss in Q4 2021 was around $326 million. The net loss is more than compared to the net loss of $243 million in Q4 2020 
    • DKNG net loss in fiscal 2021 was around $1.5 billion, more than the net loss of $1.2 billion in fiscal 2020.
    • The Q4 2021 GAAP loss per share was $0.80.
    • For fiscal 2021, GAAP loss per share was $3.78.

    2022 Outlook

    Revenue projection for 2022 has been raised from $1.7 billion to $1.9 billion to $1.85 billion to $2.0 billion, representing a 43% to 54% year-over-year increase and a 7% rise from the midpoint of prior revenue guidance.

    DraftKings also released FY2022 Adjusted EBITDA projections. The company predicts an Adjusted EBITDA loss of $825-$925 million in 2022.

    DKNG CEO Remarks

    DraftKings’ outstanding fourth-quarter performance surpassed our expectations on both the top and bottom lines, according to co-founder, CEO, and Chairman of the Board, Jason Robins. Thanks to our state strategy and favorable perspective of the industry’s TAM, we had a fantastic quarter. We intend to increase our market share, improve the customer experience and further develop the range of products we provide as we go towards 2022.

    Conclusion

    The stock of the company declined after announcing the fiscal 2021 results. Despite the revenue growth, the net loss was the main factor due to which the stock plunged in the market. 

  • Early Morning Vibes: Check These 4 Hot Stocks Right Now

    Early Morning Vibes: Check These 4 Hot Stocks Right Now

    Yesterday the US indices plunged deep into the red again. The last two days have seen a brave recovery, but panic broke out yesterday. The S&P 500 index lost 2.45% from a position of 3,829 points and the Nasdaq index fell 3.52% and closed at 13,119 points. The rising bond yields are now really starting to hurt investors. Ten-year yields rose to 1.49% on Thursday and the US 30-year Treasury bond even yields 2.28%. For the first time since early 2020, you will now receive a higher interest rate on this long-term bond than you will receive in dividends on stocks (S&P 500). 

    Technology stocks in particular seem to be affected by these higher interest rates. In recent days, the Nasdaq has lost more than the S&P and Dow Jones. Refinancing debt simply becomes more expensive and thus attracting new capital becomes more difficult. Hardest stocks are hit the hardest, because investors can still get out there with good profits. For example, Baidu lost 10% yesterday and Tesla again lost more than 10%. NVIDIA fell 7.11% and Spotify lost a whopping 9.45%.

     Positive outliers were Twitter (+ 3.71%) and GameStop (+ 18.56%). Twitter revised its earnings forecast upwards and GameStop responded positively to the CFO replacement.
     Today, the sell-off seems to be taking another tail, as futures are sharply lower. In the US, the Nasdaq Future is already 0.7% in the red. 

    Meanwhile, it is hoped that the interest rate rise will cool down quickly, because we are currently seeing panic across the entire market. The VIX (Volatility Index) has risen to a level of 28 points and even gold and silver are being hit. People really seem to be looking for liquidity, because even Bitcoin (-8%) is significantly lower today.

    Today Top Movers

    Lixte Biotechnology Holdings Inc (LIXT)is up 29.97% to $4.90 in premarket trading today.

    Armstrong Flooring Inc. (AFI) stock soared 36.14% to $5.5 in the pre-market trading after signing a definitive agreement to sell South Gate, California property for $76.7 million.

    Northern Dynasty Minerals Ltd. (AMEX: NAK) shares are trading up 33.14% at $0.932 at the time of writing.

    Sensus Healthcare Inc. (SRTS) grew over 15.18% at $4.4 in pre-market trading today. The company recently declared fourth quarter and full year 2020 financial results.

    Top Upgrades & Downgrades

    Needham turned bullish on LivePerson Inc. (LPSN), upgrading the stock to “Buy” and assigning a $71.0 price target, representing a potential upside of 35.81% from Thursday’s close. 

    NetApp Inc. (NTAP) has won the favor of Daiwa’s equity research team. The firm upgraded the shares from Neutral to Outperform and moved their price target to $70, suggesting a 14.36% additional upside for the stock. 

    Spirit Realty Capital Inc. (SRC) received an upgrade from analysts at UBS. They changed their rating on SRC to Neutral from Sell in a recently issued research note.

    Earlier Friday Baird reduced its rating on Voyager Therapeutics Inc. (VYGR) stock to Neutral from Outperform and assigned the price target to $6. 

    Raymond James analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for Best Buy Co. Inc. (BBY) has been changed to Outperform from Strong Buy and the new price target is set at $120. 

    Analysts at SVB Leerink downgraded Pandion Therapeutics Inc. (PAND)’s stock to Market Perform from Outperform Friday.

    Latest Insider Activity

    PayPal Holdings Inc. (PYPL) EVP, Chief Strategy & Growth Auerbach Jonathan announced the sale of shares taking place on Feb 23 at $261.38 for some 46,134 shares. The total came to more than $12.06 million. 

    Tapestry Inc. (TPR) VP, Controller, and PAO Dadlani Manesh sold on Feb 24 a total of 19,753 shares at $41.47 on average. The insider’s sale generated proceeds of almost $6801. 

    Ford Motor Company (F) Director THORNTON JOHN L declared the purchase of shares taking place on Feb 23 at $11.62 for some 8,620 shares. The transaction amount was around $0.1 million. 

    DuPont de Nemours Inc. (DD) Director CURTIN TERRENCE R bought on Feb 22 a total 7,500 shares at $69.94 on average. The purchase cost the insider an estimated $524,549.

    Important Earnings

    Top US earnings releases scheduled for today include DraftKings Inc. (NASDAQ: DKNG). It will announce its Dec 2020 financial results. The company is expected to report earnings of -$0.47 per share from revenues of $232.6M in the three-month period. 

    Analysts expect Vistra Corp. (NYSE: VST) to report a net income (adjusted) of $0.76 per share when the company releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $3.39B. 

    EOG Resources Inc. (EOG), due to announce earnings before the market opens today, is expected to report earnings of $0.8 per share from revenues of $3.04B recently concluded three-month period.

  • Early Morning Vibes: Top 4 Stocks To Buy Right Now

    Early Morning Vibes: Top 4 Stocks To Buy Right Now

    Futures for major US stock indices rose on Thursday in anticipation of labor market statistics and a new portion of corporate reporting, according to trading data.

    Futures on the Dow Jones Industrial Average (DJIA) grew by 0.1%, to 30.660 points, on the NASDAQ high-tech index – by 0.41%, to 13449 points, on the broad market S&P 500 index – by 0.16%, up to 3829.88 points.

    Investors are watching for signs that the US economic recovery will continue, despite the large number of cases of infection with coronavirus and new strains of it, against which existing vaccinations may be less effective, which is fraught with new restrictive measures.

    In this light, the market is interested in the statistics of the initial jobless claims, which will be published later on Thursday. Analysts expect a decrease in this number by 17 thousand last week compared to the previous one, to 830 thousand applications.

    In addition, traders are waiting for a new portion of corporate reporting in the United States. For example, investment company Carlyle Group, pharmaceutical Bristol-Myers Squibb and tobacco Philip Morris International should disclose their financials for the past quarter before the opening of trading, and the automaker Ford Motor and Snap, which owns the social networking app Snapchat, are planning to publish a profit report and losses after their closure.

    Today Top Movers

    Bilibili Inc (BILI) share price jumped 11.14% to $150.25 during the early morning ‎trading session on ‎Thursday.‎ As of Q3 2020, Bilibili reported that its total number of monthly active users increased 54% year-over-year to 197.2 million. And the total paying users increased 89% to 15 million.‎

    Cassava Sciences Inc (SAVA) gained over 42.00% at $124.89 in pre-market ‎trading on Thursday.‎ The firm recently declared results of an interim analysis from an open-label study of simufilam, its lead drug candidate for the treatment of Alzheimer’s disease. ‎

    Onconova Therapeutics Inc (ONTX) grew over 6.70% at $0.90 in pre-market trading ‎today. Recently ONTX being granted a European patent for “The Treatment Of Hematological Cancer Refractory To An Anti-Cancer Agent.” 

    DraftKings Inc (DKNG) stock moved up 1.01 percent to $60.72 in the pre-market ‎trading.‎

    Top Upgrades & Downgrades

    Roth Capital turned bullish on Ocugen Inc. (OCGN), upgrading the stock to “Buy” and assigning a $1.0 price target, representing a potential upside of 60.14% from Wednesday’s close. 

    STERIS plc (STE) has won the favor of KeyBanc’s equity research team. The firm upgraded the shares from Sector Weight to Overweight and moved their price target to $224.0, suggesting a 22.45% additional upside for the stock. 

    FireEye Inc. (FEYE) received an upgrade from analysts at BofA, who also set their one-year price target on the stock to $27. They changed their rating on FEYE to Buy from Neutral in a recently issued research note. 

    Earlier Thursday HC Wainwright & Co. reduced its rating on GW Pharmaceuticals plc (GWPH) stock to Neutral from Buy and assigned the price target to $220.0. With shares trading at around $211.37, the Wall Street firm thinks GW Pharmaceuticals plc’s stock could add than 4.08%. 

    KeyBanc analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for Murphy Oil Corporation (MUR) has been changed to Sector Weight from Overweight. 

    Analysts at Oddo BHF downgraded GlaxoSmithKline plc (GSK)’s stock to Neutral from Buy Thursday.

    Latest Insider Activity

    Apple Inc. (AAPL) Director LEVINSON ARTHUR D announced the sale of shares taking place on Feb 02 at $135.60 for some 3,416 shares. The total came to more than $0.46 million. 

    Koss Corporation (KOSS) VP – Marketing & Product Koss Michael J Jr sold on Feb 02 a total 46,000 shares at $25.98 on average. The insider’s sale generated proceeds of almost $0.36 million. 

    MannKind Corporation (MNKD) Chief Executive Officer Castagna Michael declared the purchase of shares taking place on Jan 31 at $1.33 for some 5,000 shares. The transaction amount was around $6650. 

    Texas Instruments Incorporated (TXN) Director Craighead Martin S bought on Jan 28 a total 21,388 shares at $166.91 on average. The purchase cost the insider an estimated $997,294.

    Important Earnings

    Top US earnings releases scheduled for today include Nokia Corporation (NYSE: NOK). It will announce its Dec 2020 financial results. The company is expected to report earnings of $0.13 per share from revenues of $7.43B in the three-month period. 

    Analysts expect Ford Motor Company (NYSE: F) to report a net income (adjusted) of -$0.07 per share when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $33.89B. 

    Snap Inc. (SNAP), due to announce earnings after the market closes today, is expected to report earnings of $0.07 per share from revenues of $857.39M recently concluded three-month period.

  • The 3 Best Gambling Stocks to Buy Anytime Soon

    The 3 Best Gambling Stocks to Buy Anytime Soon

    The gambling stocks that will be the future winners.

    The gambling industry after a fearful 2020 is expected to get back this year. But this time, it will be digital—with gambling moving to online mode. In 2020, a major step was taken to legalize online gambling. This is a big move because we will see more industries going to a digital network—in the future.

    The pandemic has fired businesses to turn their operations online. Speaking of gambling, it’s been front and center on many trader’s radars. Especially, the sports betting stocks will be at the forefront this year.

    Moreover, the gambling resorts are expected to resume at an accelerated pace by the end of 2021. People would want to spend more time away from home once things normalize. And, the gambling resorts attract thousands of visitors.

    So, we have some notable stocks with high upside potential as we head forward in this year. Let’s have a look at the three best gambling stocks for investment in 2021.

    DraftKings (DKNG)

    The online sports betting platform, DraftKings (DKNG) is good to go with Google’s latest policy. According to Reuters, the internet giant’s policy changes will allow companies to place gambling apps—including the sports betting apps—on the Google Play store. 

    DraftKings has highlighted that it will immediately launch its app on Google Play as soon as Google implements the new rule. This will be a big achievement for the company as the online ecosystem through Google’s policy change will bring more audience.

    Furthermore, a financial analysis firm Bernstein has given DKNG stock a price target of $71, which is almost 34% higher compared to the stock’s closing price on Thursday. Bernstein’s research highlights the future of DraftKings and the online sports betting market in the US—in general. The digital sports betting industry is expected to reach $25 billion by 2025 and $30 million in the next decade.

    So, DraftKings (DKNG) is one of the prominent stocks from this industry to bet on.

    Bally’s Corp. (BALY)

    Bally’s Corp. (BALY) shares have steadily powered up since the massive drop in March 2020. Especially, the stock made a big move in mid-Nov after which it has sustained the bullish trend.

    Bally is one of those firms that is poised to grow with the full resuming of gambling activities. The company was quick to act and acquired several properties at reasonable prices—during the pandemic time. This was a big win for the company as it got hands on the Bally’s casino brand.

    The company is taking this period to expand its portfolio. In an announcement on Jan. 25, the company reported that it is signing a merger agreement to acquire Monkey Knife Fight (MKF). Monkey Knife is a fast-growing gaming platform and also the third-biggest daily fantasy sports in North America.

    So, Bally’s Corp. (BALY) is ready to pull all strings in its favor and attract more visitors to its platform through new channels.

    Golden Nugget (GNOG)

    Golden Nugget (GNOG) is an online gaming company that has seen growth in the past few months. GNOG is the second online gaming casino that has gone public after DraftKings.

    Analysts see Golden shares in the high bullish territory in the near future. They believe that the GNOG shares are at a reasonable price compared to other online gambling giants—the likes of DraftKings. Moreover, considering the growing marketplace for the online gambling industry, Golden Nugget is a potential bet that would be worth investing in.

    The company has yet to make an impact in the evolving online gambling industry. Recently, the company received authorization to begin offering its Online Casino and Sportsbook. The approval came from the Michigan Gaming Control Board (MGCB). Golden Nugget’s online casino and sportsbook will be able to users at GoldenNuggetCasino.com and through its iOS and Android apps.

    So, Golden Nugget (GNOG) is another gambling stock with massive potential in the market.

  • Early Morning Vibes: Top 4 Stocks To Buy Right Now

    Early Morning Vibes: Top 4 Stocks To Buy Right Now

    The Nasdaq Composite and S&P 500 stocks closed at record highs on Monday amid fluctuations in technology stocks, while investors awaited the release of multiple financial reports.

    The Nasdaq rose 92.93 points, or 0.7%, to 13635.99 points at the end of the volatile session. The index jumped 1.4% early in the day, then dropped 1.3% and then recovered. At the same time, there were no clear catalysts for such dynamics of the index.

    The S&P 500 added 13.89 points, or 0.4%, to 3855.36 points. The Dow Jones Industrial Average fell 36.98 points, or 0.1%, to 30960.00 points. Investors are worried about disruptions in the supply of Covid-19 vaccines. Pharmaceutical giant Merck has announced that it is ending work on a Covid-19 vaccine due to disappointing test results. Thus, a major participant dropped out of the race to create an effective vaccine. Meanwhile, its competitor, AstraZeneca, warned on Friday that shipments of its vaccine to the European Union would fall short of forecast.

    Vaccination problems and the spread of new strains of coronavirus have contributed to the recent rally in technology stocks. Tech corporations should benefit from this situation, as companies and employees who have switched to telecommuting are increasingly using digital technology.

    Corporate News

    Tech stocks were volatile. Apple shares gained 2.8%. Shares of data scientist Palantir Technologies, which is due to present its software on Tuesday, jumped 11.0% after posting a 21.0% gain throughout the day.

    Twitter and Etsy were down 0.5% and 2.2%, respectively, while rallying in early trading. Among the outsiders in the United States were also shares of financial and oil and gas companies. Chevron lost 0.9%, Goldman Sachs – 2.2%, which affected the DJIA.

    Meanwhile, shares of Kimberly Clark, a maker of Kleenex wipes and Huggies diapers, rose 3.3% after it forecast net sales to rise in 2021. It also raised its quarterly dividend and announced a new $ 5 billion share buyback program. Shares of special-purpose M&A firm TS Innovation Acquisitions, part of the Tishman Speyer real estate group, jumped 44.0%.
     The yield on the 10-year US Treasury bond fell from 1.090% on Friday to 1.038%.

    Today Top Movers

    Adamas Pharma (ADMS), a drug manufacturer company, soared about 15.35% ‎at $5.86 in pre-market ‎trading Tuesday. The FDA decision on the expanded use of Adamas Pharma’s lead drug GOCOVRI is expected on February 1, 2021.‎

    ‎Arcimoto Inc (FUV) share price jumped 2.29% to $21.85 during the early morning ‎trading session on ‎Tuesday after the company revealed that it has reached an agreement to acquire Tilting Motor Works.

    ‎US Well Services Inc (USWS) stock ascended 13.08% at $1.10 in the pre-market trading today after receiving notice from the Nasdaq stock market that it has regained compliance with Nasdaq Listing Rule 5550(b)(2).

    ‎Phunware Inc (PHUN) gained over 21.37% at $1.76 in pre-market ‎trading as Today Phunware COO Randall Crowder will be presenting at the Proactive Investors One2One Investor Forum about the company’s 2021 roadmap for the commercial launch of its blockchain-enabled customer data platform and mobile loyalty ecosystem.

    Top Upgrades & Downgrades

    Goldman Sachs turned bullish on DraftKings Inc. (DKNG), upgrading the stock to “Buy” and assigning a $65.0 price target, representing a potential upside of 26.73% from Monday’s close.

    FVCBankcorp Inc. (FVCB) has won the favor of Piper Sandler’s equity research team. The firm upgraded the shares from Neutral to Overweight and moved their price target to $19.0, suggesting 20.03% additional upside for the stock.

    Colgate-Palmolive Company (CL) received an upgrade from analysts at Berenberg, who also set their one-year price target on the stock to $76.0. They changed their rating on CL to Hold from Sell in a recently issued research note.

    Earlier Tuesday BMO Capital reduced its rating on Sonoco Products Company (SON) stock to Market Perform from Outperform and assigned the price target to $65.

    RBC Capital analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for BlackBerry Limited (BB) has been changed to Underperform from Sector Perform.

    Analysts at Goldman Sachs downgraded Delek US Holdings Inc. (DK)’s stock to Sell from Neutral Tuesday.

    Latest Insider Activity

    Facebook Inc. (FB) COB and CEO Zuckerberg Mark announced the sale of shares taking place on Jan 22 at $275.79 for some 55,869 shares. The total came to more than $15.41 million.

    Twitter Inc. (TWTR) Engineering Lead Montano Michael sold on Jan 20 a total 664,770 shares at $46.23 on average. The insider’s sale generated proceeds of almost $0.1 million.

    The Blackstone Group Inc. (BX) 10% Owner Blackstone BDC Holdings LLC declared the purchase of shares taking place on Jan 07 at $25.00 for some 997,940 shares. The transaction amount was around $24.95 million.

    Arcadia Biosciences Inc. (RKDA) Chief Executive Officer Plavan Matthew T bought on Aug 03 a total of 14,285 shares at $3.16 on average. The purchase cost the insider an estimated $1,849.

    Important Earnings

    Top US earnings releases scheduled for today include General Electric Company (NYSE: GE). It will announce its Dec 2020 financial results. The company is expected to report earnings of $0.09 per share from revenues of $21.83B in the three-month period.

    Analysts expect Advanced Micro Devices Inc. (NASDAQ: AMD) to report a net income (adjusted) of $0.47 per share when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $3.02B.

    Microsoft Corporation (MSFT), due to announce earnings after the market closes today, is expected to report earnings of $1.64 per share from revenues of $40.18B recently concluded three-month period.

  • 10 Trending Stocks In Shell Companies Industry

    10 Trending Stocks In Shell Companies Industry

    Shell companies include those organizations which are only acting as a transactional vehicle for a variety of firms and for various purposes. Some companies are providing financing channels to its customers through its partnership with financial institutions. These firms are also offering value-added services to its customers, including insurance, extended warranties, and after-sales services.

    In Shell Companies, some are offering services such as a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. Some of the leading companies in this industry are as follows. Check out these companies to see how they are providing the best services to their customers:

    DraftKings Inc. (NASDAQ: DKNG)

    DraftKings Inc. (NASDAQ: DKNG) last closed at $44.58, in a 52-week range of $9.85 to $64.19. Analysts have a consensus price target of $57.32. DraftKings Inc. (DKNG) has disclosed that it is scheduled to release its third-quarter 2020 results prior to 8:30 AM EST on November 13, 2020. DraftKings Inc.’s market cap has remained high, hitting $17.11 billion at the time of writing.

    Spartan Energy Acquisition Corp. (NYSE: SPAQ)

    Spartan Energy Acquisition Corp. (NYSE: SPAQ) stock drop by -4.25% to $12.85. Spartan Energy Acquisition Corp. (SPAQ) and Fisker Inc. have earlier disclosed that the Special Meeting of Stockholders of Spartan to approve the pending business combination between Spartan and Fisker is scheduled to be held on Wednesday, October 28, 2020. Spartan Energy Acquisition Corp. market cap has remained high, hitting $709.32 million at the time of writing.

    CC Neuberger Principal Holdings (NYSE: PCPL)

    CC Neuberger Principal Holdings (NYSE: PCPL) stock soar by 0.86% to 10.53. WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of CC Neuberger Principal Holdings in connection with the Company’s proposed merger with E2open Holdings, LLC. CC Neuberger Principal Holdings (PCPL) has a total market capitalization of $435.94 million at the time of writing.

    Replay Acquisition Corp. (NYSE: RPLA)

    Replay Acquisition Corp. (NYSE: RPLA) shares headed falling, lower as much as 0.00%. Finance of America Equity Capital LLC and Replay Acquisition Corp. has earlier announced that both companies have agreed to a business combination that will result in Finance of America becoming a publicly listed company. Replay Acquisition Corp. has a total market capitalization of $364.77 million.

    Social Capital Hedosophia Holdings Corp. (NYSE: IPOC)

    Social Capital Hedosophia Holdings Corp. (NYSE: IPOC) last closed at 10.64, in a 52-week range of $10.07 to $13.35. WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Social Capital Hedosophia Holdings Corp IIIin connection with the Company’s proposed merger with privately-held healthcare company Clover Health Investments, Corp.

    Kaixin Auto Holdings (NASDAQ: KXIN)

    Kaixin Auto Holdings (NASDAQ: KXIN) shares were trading up 293.72% at $8.15 at the time of writing on Monday. Kaixin Auto Holdings (NASDAQ: KXIN) share price went from a low point around $0.40 to briefly over $4.50 in the past 52 weeks, though shares have since pulled back to $8.15. Kaixin Auto Holdings (KXIN) market cap has remained high, hitting $316.55M at the time of writing, giving it a price-to-sales ratio of more than 0.

    Social Capital Hedosophia Holdings Corp. II (NYSE: IPOB)

    Social Capital Hedosophia Holdings Corp. II (NYSE: IPOB) shares headed falling, lower as much as -6.85%. Social Capital Hedosophia Holdings Corp. II (IPOB) share price went from a low point around $10.55 to briefly over $27.00 in the past 52 weeks, though shares have since pulled back to $21.34. Social Capital Hedosophia Holdings Corp. II market cap has remained high, hitting $1.15 billion at the time of writing.

    Churchill Capital Corp. (NYSE: CCX)

    Churchill Capital Corp. (NYSE: CCX) rose 0.20% after gaining more than $0.02 on Monday. Churchill Capital Corp. (CCX) share price went from a low point around $9.25 to briefly over $11.99 in the past 52 weeks, though shares have since pulled back to $10.02. Churchill Capital Corp. market cap has remained high, hitting $864.23 million at the time of writing.

    Switchback Energy Acquisition Corporation (NYSE: SBE)

    Switchback Energy Acquisition Corporation (NYSE: SBE) last closed at $16.09, in a 52-week range of $9.38 to $16.45. Switchback Energy Acquisition Corporation (SBE) has moved up 71.54% from its 52-weeks low and moved down -2.19% from its 52-weeks high. It has a total market capitalization of $505.42 million.

    Flying Eagle Acquisition Corp. (NYSE: FEAC)

    Flying Eagle Acquisition Corp. (NYSE: FEAC) rose 1.76% after gaining more than 0.24 on Monday. Flying Eagle Acquisition Corp. (FEAC) share price went from a low point around $9.81 to briefly over $14.70 in the past 52 weeks, though shares have since pulled back to $13.85.  Flying Eagle Acquisition Corp. market cap has remained high, hitting $955.65 million at the time of writing.

     

  • Why DraftKings (NASDAQ: DKNG) Stock Is Trading Higher Today?

    Why DraftKings (NASDAQ: DKNG) Stock Is Trading Higher Today?

    DraftKings Inc. (NASDAQ: DKNG), a sports betting company has revealed that the first week of the 2020 NFL season was the most exciting week for the company since 2015. The company has welcomed new customers’ sign up in the first week. This is not the only news of the company which has excited its stocks but also the company has announced a betting deal with NFL’s New York Giants.

    As per the multi-year agreement, DraftKings became the Official Sports Betting, iGaming, and Daily Fantasy operator of the team. Football is considered to be the most popular game on the platform of DraftKings and after this partnership company aimed to further enhance its customer engagement and customer experience throughout the NFL season.

    One more exciting news for the fans is that after the partnership is that they will provide a Free-to-Play Pick ‘Em game that will be available to Giants fans on a weekly basis. The New York Giants and the DraftKings both have worked for a number of years.

    Shares of DraftKings (NASDAQ: DKNG) were trading up 4.08% at $53.11 at the time of writing on Thursday. Its share price went from a low point around $9.84 to briefly over $53.25 in the past 52 weeks. It has moved up 439.74% from its 52-weeks low and moved down -0.27% from its 52-weeks high. Looking at its profitability, its return on assets and equity is 0.60%, and 0.60%, respectively. DKNG market cap has remained high, hitting $19.38 billion at the time of writing.

    DraftKings has revealed that the New York Giants have ranked in the top 40 most highly bet franchises among 700 sports teams available on the platform of DraftKings. DraftKings is considered to be the recognized sponsor and advertiser across all-team controlled media including radio, television, and digital and social media. It is the leader in sports betting and daily fantasy sports.

    Previously, it has disclosed its partnership with basketball legend Michael Jordan and got its first Major League Baseball deal with the Chicago Cubs. It has signed a deal with ESPN to become a co-exclusive sportsbook link-out provider and exclusive daily fantasy sports provider of the media giant.