DraftKings Surges 1.55% on Volatility-Driven Rally as Stock Ranks 257th in U.S. Dollar Volume
On September 18, 2025, , marking its highest single-day performance in recent weeks. , ranking 257th in trading activity among U.S. equities. The move followed renewed market speculation about regulatory developments in the online gaming sector and broader macroeconomic trends affecting speculative assets.
Analysts noted that the price action aligned with broader volatility in high-beta stocks as investors reassessed risk appetite amid shifting Federal Reserve signals. The session’s volume, while below 50-day averages, reflected concentrated buying interest from retail and institutional participants. No new corporate announcements or earnings reports directly impacted the stock during the period.
For the back-test request, clarification is required on two parameters: the universe definition (full U.S. equity market vs. S&P 500 subset) and (close-to-close, open-to-close, etc.). The methodology will determine data collection scope and position-holding conventions. Once confirmed, the test will assess the performance of a strategy targeting the top 500 stocks by daily dollar volume over a specified period.

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