Why DraftKings Stock Jumped 13.8% in June
DraftKings (NASDAQ: DKNG) had another great month as its stock price soared 13.8% higher in June, according to S&P Global Market Intelligence. The stock is trading at around $26 per share, up about 128% year to date as of July 5.
The markets were up in June as the S 500 index gained 6.5%, the Dow Jones Industrial Average climbed 4.6%, and the Nasdaq Composite jumped 6.6%.
The online sports betting platform, DraftKings, continues to flourish, riding a resurgent market for technology and growth stocks. The Federal Reserve Board's decision on June 14 not to raise interest rates for the first time since March 2022 helped buoy pretty much all growth stocks and growing start-ups like DraftKings.
Source Fool.com
DraftKings Inc. Stock
€32.06
-0.370%
The stock is one of the favorites of our community with 83 Buy predictions and 2 Sell predictions.
As a result the target price of 46 € shows a positive potential of 43.48% compared to the current price of 32.06 € for DraftKings Inc..
