DraftKings Surges to 222nd in Trading Volume with $350 Million in Shares Traded Despite Stock Price Decline

On April 25, 2025, DraftKings (DKNG) saw a significant increase in trading volume, with a total of $350 million in shares traded, marking a 34.92% rise from the previous day. This surge placed DraftKings at the 222nd position in terms of trading volume for the day. However, despite the high trading volume, the stock price of DraftKings closed the day with a 1.14% decrease.

Several analysts have adjusted their price targets for DraftKings ahead of the company's Q1 earnings report scheduled for May 8. Citi lowered its price target to $55 from $65, while maintaining a Buy rating. Similarly, Northland reduced its target to $50 from $60, keeping an Outperform rating. BMO Capital also cut its price target to $65 from $70, while still maintaining an Outperform rating. Oppenheimer adjusted its price target to $60 from $68, with an Outperform rating. These adjustments reflect the analysts' expectations and assessments of the company's performance and potential.

Additionally, there have been notable insider transactions involving DraftKings. MarketScreener reported that an insider sold shares worth a significant amount, which could potentially impact investor sentiment and stock performance. These insider transactions are often scrutinized by investors as they can provide insights into the company's internal outlook and confidence levels.