DraftKings Stock Has Crashed 74% off Its Highs
DraftKings (NASDAQ: DKNG) is falling out of favor with investors. The stock has crashed by 74% from its highs in early 2021. Uncoincidentally, that matches the time when economic reopening gained momentum in the U.S.
During the pandemic, it was a market favorite as investors correctly figured gamblers would flock to the platform as brick-and-mortar casinos were forced to close temporarily. Let's take a closer look at the business and its prospects to determine if the crash in the stock price could be justified.
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Source Fool.com
