Daktronics (DAKT) Soars 2.50% on Auburn University Project

Daktronics (DAKT) shares surged 2.50% today, marking an eighth consecutive day of gains, with an impressive 13.24% increase over the past eight days. The stock price reached its highest level since March 2025, with an intraday gain of 4.71%.

The strategy of buying DAKT shares after they reached a recent high and holding for 1 week yielded moderate returns over the past 5 years, with a 4.77% annualized gain. The maximum drawdown of 14.55% occurred in 2025, highlighting the importance of risk management. Overall, this strategy showed resilience in volatile markets but provided conservative returns, making it suitable for investors seeking stability.

One of the most significant factors driving the recent surge in Daktronics' stock price is the company's announcement of a new project with Auburn University. Daktronics has been chosen to design, manufacture, and install a large LED video display in the north end zone of Jordan-Hare Stadium. This project is anticipated to significantly enhance the game-day experience for Auburn football fans and is scheduled to be completed by the fall of 2025.

This partnership underscores Daktronics' expanding presence in the collegiate sports market, which is likely to boost investor confidence and positively impact the company's stock performance. The installation of the LED video display not only showcases Daktronics' technological capabilities but also reinforces its commitment to delivering high-quality solutions for sports venues.

As Daktronics continues to secure high-profile projects, it is expected to further solidify its position as a leader in the sports and entertainment display market. The company's ability to innovate and meet the evolving needs of its clients is a key driver of its growth and success. Investors are closely watching these developments, as they could signal a continued upward trajectory for Daktronics' stock price.