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DraftKings Surges to 249th in Trading Volume with $380 Million in Shares Traded
Generated by AI AgentAinvest Volume Radar
Thursday, May 29, 2025 8:35 pm ET1min read
On May 29, 2025,
(DKNG) saw a significant increase in trading volume, with a total of $380 million in shares traded, marking a 98.04% rise from the previous day. This surge placed DraftKings at the 249th position in terms of trading volume for the day. The stock price of DraftKings also rose by 1.66%.DraftKings has experienced a notable shift in its share price, moving up by 11% over the past month. This movement aligns with the company's recent earnings announcement, which has garnered attention from investors and analysts alike.
One of the key drivers behind DraftKings' recent performance is its strong customer acquisition growth. Despite unfavorable outcomes in the NFL, the company has managed to attract a significant number of new customers, which has helped to mitigate the impact of these setbacks.
Analysts have also weighed in on DraftKings' prospects, with 24 analysts giving the stock an average rating of "Strong Buy." The 12-month stock price forecast for DraftKings is $54.92, representing a potential increase of 56.74% from its current price.
Mackenzie Financial Corp has increased its position in DraftKings by 2,423.0% in the fourth quarter, indicating a strong vote of confidence in the company's future prospects. This significant investment by Mackenzie Financial Corp suggests that institutional investors are bullish on DraftKings' growth potential.
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