DraftKings Plunges 27% on Weak 2027 Forecast and Prediction-Market Spending; Flutter Sinks 8%, Penn Entertainment Drops 4%
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The post DraftKings Plunges 27% on Weak 2027 Forecast and Prediction-Market Spending; Flutter Sinks 8%, Penn Entertainment Drops 4% appeared first on 24/7 Wall St..
The cost of competing in prediction markets is hitting DraftKings (NASDAQ:DKNG) hard after its third-quarter report and first 2027 forecast both fell short of Wall Street’s hopes. DraftKings stock is trading at $17.13, down 27%. That decline adds to a steep slide in extended trading after the company released its results follow
The cost of competing in prediction markets is hitting DraftKings (NASDAQ:DKNG) hard after its third-quarter report and first 2027 forecast both fell short of Wall Street’s hopes. DraftKings stock is trading at $17.13, down 27%. That decline adds to a steep slide in extended trading after the company released its results follow
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