This Cathie Wood Growth Stock Is On Fire: Can It Continue Higher?

DraftKings (NASDAQ: DKNG) is one of the Top 25 holdings in popular investment manager Cathie Wood's ARK Innovation ETF (NYSEMKT: ARKK). In fact, as of this writing, it ranks 14th on the list with 9.9 million shares held at an overall value of $627 million.

Wood is likely happy with the stock's performance; it's up 22% in the last month and 42% for the year. Even more impressively, DraftKings' operating performance has been excellent. Let's review that performance and try to determine if the stock can go even higher from here.

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Source Fool.com