Why Gambling Tech Companies Both Popped and Dropped Today
Shares of companies that provide the technology for casino gambling had a strange day on Wednesday, to say the least. Shares of IGT (NYSE: IGT) fell as much as 12% and the stock of Everi Holdings (NYSE: EVRI) plunged as much as 14.3%. The stocks closed down 11% and 12.3%, respectively, for the day.
Meanwhile, newly public DraftKings (NASDAQ: DKNG) saw shares climb as much as 13.5% and closed up 10.3% on the day.
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Source Fool.com
