DraftKings, Inc. Class A (DKNG)

13.81
0.22 1.60
NASDAQ
Prev Close 14.03
Open 14.01
Day Low/High 13.56 / 14.31
52 Wk Low/High 9.77 / 64.58
Volume 11.10M
Exchange NASDAQ
Shares Outstanding 830.34B
Market Cap 11.75B
P/E Ratio N/A
Div & Yield N.A. (N.A)
Quant Rating on 1:42 PM EDT 5/23/2022

DraftKings has climbed from under $10 to $14.40 in only one week - a gain of +40%.  With the upside reward vs. downside risk materially changed, I have sold most of my position at about $14.30.  I had considered this as an investment holding but the...

Let's see if DKNG could rally from here.

I have no intention of chasing stocks higher - after Friday's remarkable advance. I am a buyer on weakness. My only buy this morning was ($12.85).

Jefferies resumes coverage of DraftKings  with a $33 price target.

As the Fed tries to steer the smoking U.S. economy into a soft landing, many funds have been reduced to cyber rubble. But we can find some working -- or workable -- parts amid the rust and embers.

* Added to at $13.45 and selected names in space ( , ). * Added to under $10 (new name yesterday)

* The market (and money) never sleeps -- and neither do I, it appears! * Futures turned slightly lower in the evening -- extending the steady losses of the last week.   * The S&P oscillator grows more oversold. "Workin' on our night moves Trying to ...

New position in DraftKings ($10.52). More when things quiet down...

Upside - +17% (Chernin Group-led consortium confirms to acquire $263M in Funko) - +11% (earnings, guidance) - +10% (earnings) - +6.8% (earnings) - +5.2% (earnings, guidance) - +5.2% (earnings, guidance) - +4.6% (earnings, guidance) - +2.3% (earnings...

These names are for potential 'bottom fishing' in the weeks ahead as the markets remain volatile to start a new trading week.

I'd prefer a smaller play with a slightly longer timeframe on this one.

* Three of the most dangerous words in an investors' lexicon are... "total addressable market" * A dead cat bounce is possible but challenges towards the road of profitability for streaming and on line gambling suggest the stocks are unattractive fr...

Wells Fargo downgrades DraftKings (price target reduced to $19).  More on online gambling stocks in my opener.

There's a primary reason why DKNG investors are racing for the exits on Friday.

I am going into the EPS with no position - as stated earlier this week:  Feb 15, 2022 ' 01:45 PM EST DOUG KASS DraftKings Might Miss I was bidding for DraftKings (DKNG) yesterday but didn't pick up any on weakness. The midpoint of management's estim...

I was bidding for DraftKings  yesterday but didn't pick up any on weakness.  The midpoint of management's estimate implies a doubling of revenues (quarter over quarter).  But with state reported data indicating that promotions have been very high ov...

I am back bidding for under $22.  I sold out my long investment last Wednesday:  Feb 09, 2022 ' 10:59 AM EST DOUG KASS Out of DraftKings Into the EPS report - which I don't think will be inspiring! - I am taking advantage of the strength in online g...

Some of the beaten-down names are seeing life. Here's how to play PLTR.

Into the EPS report - which I don't think will be inspiring! - I am taking advantage of the strength in online gamers in anticipation of the first Super Bowl with online gambling.  I just sold my above $23.15. I have been successfully trading DKNG o...

Eight of the 11 SPDR sector ETFs closed in the green on Monday, this time led by Materials, Discretionaries, and Financials.

I am short against . Also,  - added to on weakness this morning - along with his cousin are getting jiggy.

I am buying some more  in front of what I expect to be a crappy EPS release at $21.22.

Adding to at $21.31 now.

The market took a whoosh lower and I reacted - perhaps counterintuitively, but in the case of for a trade: * Took a long rental in at $444.57 * I have added back to my at $35.69 * Back long under $300. * Added to at $20.55. * Added to at $68.75 * Ad...

I am back to a full position in .

Buying back some at $21.70 off of the gap higher.

* And full disclosures  For those that are counting here are the average prices of my executed orders:  Long Buys * $21.86 * $18.02  Long Sales * $233.12 * $23.74 * $45912 * $47.02 * $3110 Short Sales * $98.06 * March $440 calls $22.91 * SPY March $...

I neglected to mention that I sold out my yesterday and I materially reduced my near the close on Tuesday. PENN and DKNG have advanced by +10% and +15%, respectively, over the last few days, reducing the reward vs. risk ratio.

getting jiggy!

Today's buys: , , , , , , , , and .

Housekeeping Item

DraftKings has climbed from under $10 to $14.40 in only one week - a gain of +40%.  With the upside reward vs. downside risk materially changed, I have sold most of my position at about $14.30.  I had considered this as an investment holding but the...

The Safe Bet for DraftKings? Checking the Charts, First

The Safe Bet for DraftKings? Checking the Charts, First

Let's see if DKNG could rally from here.

Bottom Line

I have no intention of chasing stocks higher - after Friday's remarkable advance. I am a buyer on weakness. My only buy this morning was ($12.85).

From The Street of Dreams

Jefferies resumes coverage of DraftKings  with a $33 price target.

Let's Go Treasure Hunting Inside the ETF Tech Scrapyard

Let's Go Treasure Hunting Inside the ETF Tech Scrapyard

As the Fed tries to steer the smoking U.S. economy into a soft landing, many funds have been reduced to cyber rubble. But we can find some working -- or workable -- parts amid the rust and embers.

More Buys

* Added to at $13.45 and selected names in space ( , ). * Added to under $10 (new name yesterday)

More Night Moves: A Quick Look at Overnight Futures

* The market (and money) never sleeps -- and neither do I, it appears! * Futures turned slightly lower in the evening -- extending the steady losses of the last week.   * The S&P oscillator grows more oversold. "Workin' on our night moves Trying to ...

DraftKings

New position in DraftKings ($10.52). More when things quiet down...

Premarket Movers

Upside - +17% (Chernin Group-led consortium confirms to acquire $263M in Funko) - +11% (earnings, guidance) - +10% (earnings) - +6.8% (earnings) - +5.2% (earnings, guidance) - +5.2% (earnings, guidance) - +4.6% (earnings, guidance) - +2.3% (earnings...

3 Stocks to Watch as Insider Buying Picks Up

3 Stocks to Watch as Insider Buying Picks Up

These names are for potential 'bottom fishing' in the weeks ahead as the markets remain volatile to start a new trading week.

March Madness Is Here and DraftKings Is My Go-To Name

March Madness Is Here and DraftKings Is My Go-To Name

I'd prefer a smaller play with a slightly longer timeframe on this one.

Streaming and Online Gambling May Be Destined Towards 'Profitless Prosperity'

* Three of the most dangerous words in an investors' lexicon are... "total addressable market" * A dead cat bounce is possible but challenges towards the road of profitability for streaming and on line gambling suggest the stocks are unattractive fr...

From The Street of Dreams

Wells Fargo downgrades DraftKings (price target reduced to $19).  More on online gambling stocks in my opener.

DraftKings Sells Off After Earnings: Here's How to Trade It

DraftKings Sells Off After Earnings: Here's How to Trade It

There's a primary reason why DKNG investors are racing for the exits on Friday.

DraftKings

I am going into the EPS with no position - as stated earlier this week:  Feb 15, 2022 ' 01:45 PM EST DOUG KASS DraftKings Might Miss I was bidding for DraftKings (DKNG) yesterday but didn't pick up any on weakness. The midpoint of management's estim...

DraftKings Might Miss

I was bidding for DraftKings  yesterday but didn't pick up any on weakness.  The midpoint of management's estimate implies a doubling of revenues (quarter over quarter).  But with state reported data indicating that promotions have been very high ov...

DraftKings Bid

I am back bidding for under $22.  I sold out my long investment last Wednesday:  Feb 09, 2022 ' 10:59 AM EST DOUG KASS Out of DraftKings Into the EPS report - which I don't think will be inspiring! - I am taking advantage of the strength in online g...

I'm Liking the 'Hated' With This Palantir Trade

I'm Liking the 'Hated' With This Palantir Trade

Some of the beaten-down names are seeing life. Here's how to play PLTR.

Out of DraftKings

Into the EPS report - which I don't think will be inspiring! - I am taking advantage of the strength in online gamers in anticipation of the first Super Bowl with online gambling.  I just sold my above $23.15. I have been successfully trading DKNG o...

Dollar Story, Markets, Small-Caps, Broad Accumulation, Peloton, GlobalFoundries

Dollar Story, Markets, Small-Caps, Broad Accumulation, Peloton, GlobalFoundries

Eight of the 11 SPDR sector ETFs closed in the green on Monday, this time led by Materials, Discretionaries, and Financials.

TOL, DKNG

I am short against . Also,  - added to on weakness this morning - along with his cousin are getting jiggy.

More DKNG

I am buying some more  in front of what I expect to be a crappy EPS release at $21.22.

More DraftKings

Adding to at $21.31 now.

Today's Premarket Trades

The market took a whoosh lower and I reacted - perhaps counterintuitively, but in the case of for a trade: * Took a long rental in at $444.57 * I have added back to my at $35.69 * Back long under $300. * Added to at $20.55. * Added to at $68.75 * Ad...

DKNG Position

I am back to a full position in .

DraftKings Buy Back

Buying back some at $21.70 off of the gap higher.

Executed Prices

* And full disclosures  For those that are counting here are the average prices of my executed orders:  Long Buys * $21.86 * $18.02  Long Sales * $233.12 * $23.74 * $45912 * $47.02 * $3110 Short Sales * $98.06 * March $440 calls $22.91 * SPY March $...

Two Moves

I neglected to mention that I sold out my yesterday and I materially reduced my near the close on Tuesday. PENN and DKNG have advanced by +10% and +15%, respectively, over the last few days, reducing the reward vs. risk ratio.

DraftKings

getting jiggy!

Buys

Today's buys: , , , , , , , , and .