dMY Technology Group Inc (DMYT) is down -0.18% today after the announcement it will be merging with Rush Street Interactive, one of the fastest growing online sports gambling companies. Rush Street is a newer company entering into the online casino and sports wagering industry that is currently growing at a rapid pace and dominated currently by DraftKings (DKNG). The merger will result in Rush Street becoming a publicly traded company on the New York Stock Exchange with an initial value of approximately $1.78 billion. dMY will change its name to Rush Street Interactive and the combined company will trade under the ticker symbol “RSI”.
DMYT stock has gained 39.51% since Wednesday, April 22, 2020 when dMY Technology Group Inc began trading. , and the average rating from Wall Street analysts is a Strong Sell. InvestorsObserver’s proprietary scoring system, gives DMYT stock a score of 32 out of a possible 100.
That score is mainly influenced by a long-term technical score of 0. DMYT’s score also includes a fundamental score of 0. The short-term technical score for DMYT is 97.
What’s Happening with DMYT Stock Today
dMY Technology Group Inc (DMYT) stock has fallen -0.18% while the S&P 500 is unchanged 0% as of 4:00 PM on Friday, Jul 24. DMYT is down -$0.02 from the previous closing price of $11.32 on volume of 566,725 shares. Over the past year the S&P 500 has gained 14.87% while DMYT has gained 39.51%. DMYT lost $0.00 per share in the over the last 12 months.
