Why DraftKings Stock Struck Out on Thursday

DraftKings (NASDAQ: DKNG) was another victim of the stock market's no-hitter on Thursday. Investors  seemed to have a particular disdain for companies that have flown high so far this year, and DraftKings -- still up a dizzying 255% year to date even after the day's decline -- is a prime candidate.

Mr. Market wasn't in any kind of mood to be pleased by good news. That was too bad for DraftKings, as it had something quite positive to report. 

Image source: Getty Images.

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Source Fool.com