Why DraftKings Is Falling Today

Shares of DraftKings (NASDAQ: DKNG) are falling 6% in morning trading Monday despite an analyst raising his second-quarter earnings forecast for the sports betting platform and reiterating a price target almost double its current valuation.

Doubts about college football's fall season are growing as the Big Ten conference of the National Collegiate Athletic Association met yesterday to decide its fate amid concerns about the coronavirus pandemic. The Big Ten presidents reportedly voted to cancel the season.

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Source Fool.com