DraftKings Inc. (DKNG) reached a new 28-month high and a new 52-week high, with its stock price approaching $42, up from the low $30s. The company's shares continue to climb, bolstered by positive expectations for a Super Bowl advertisement and the broader sports betting market. BTIG analyst Clark Lampen has highlighted DKNG and Flutter, the parent company of FanDuel, as the main companies set to benefit from the Super Bowl season. Investors are also showing confidence, with approximately 230 institutional holders reporting over 42 million shares held in Q4, and 44% of them were buyers. One market observer has optimistically predicted the stock to reach $50 by the Super Bowl.
$DKNG at a new 52Wk Hi today! ππΌ Institutional investors have been bullish buyers of $DKNG since 23Q1. ~230 institutional holders reported holding total 42M+ shs in Q4. 44% of them were buyers.ππΌ BTW, the parent company of its sports gambling competitor, FanDuel platform,β¦ https://t.co/yH4sFuAUFo https://t.co/Oi2tsJagyq
$DKNG still gaining. Called this in the low 30's. Almost 42 now... Give me 50 by Superbowl.
$DKNG and Flutter, the two largest US operators, are the companies that will benefit most from a Super Bowl and the sports betting market, according to BTIG analyst Clark Lampen. https://t.co/9RWFKix5si
$DKNG acting like it has a winning SB commercial
$DKNG Fresh 28month highs today. π https://t.co/nU1aj1b1fT