Why DraftKings Was Up Almost 10% Today

Shares of DraftKings (NASDAQ: DKNG) were running almost 10% higher in late day trading after a string of positive developments for sports and the company.

Because major league sports have been shut down for months and college sports are debating whether they will delay reopening or cancel for the rest of the year, any positive news is a powerful driver for a business dependent on sports thriving.

Image source: Getty Images.

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Source Fool.com