Draftkings Inc (DKNG) stock has risen 28.55% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With DKNG Stock Today?
Draftkings Inc (DKNG) stock is trading at $51.91 as of 9:36 AM on Wednesday, Sep 16, an increase of $3.70, or 7.67% from the previous closing price of $48.21. The stock has traded between $49.50 and $52.11 so far today. Volume today is low. So far 971,826 shares have traded compared to average volume of 15,891,064 shares.
To see InvestorsObserver's Sentiment Score for Draftkings Inc click here.
More About Draftkings Inc
DraftKings Inc is a digital sports entertainment and gaming company. The company provides users with daily fantasy sports (DFS), sports betting and iGaming opportunities, and is also involved in the design and development of sports betting and casino gaming platform software for online and retail sportsbook and casino gaming products. It derives majority of the revenue from United States.
Click Here to get the full Stock Score Report on Draftkings Inc (DKNG) Stock.
