DraftKings shares fall 5.18% after hours amid weak New York online sports betting market performance.

DraftKings

DraftKings' Chief Legal Officer Makes Significant Stock Trades on January 20, 2026.

DraftKings's 15min chart shows MACD Death Cross, Bearish Marubozu formation.

DraftKings stock chart triggers Bollinger Bands narrowing, KDJ death cross detected.

Catalyst<ul> <li>Fund flow analysis indicates positive inflow trends from small, large, and extra-large orders, suggesting institutional confidence.</li></ul>Risk<ul> <li>Technical indicators show a weak market state with a strong dominance of bearish signals, suggesting a risk of further decline.</li> <li>Analyst ratings are inconsistent, with only two active analysts both recommending Buy, indicating a lack of broad consensus or optimism.</li></ul>

Key Factors

DraftKings' shares fell 5.18% in after-hours trading following an insider sale by Chief Legal Officer R. Stanton Dodge, who sold 52,777 shares for $1.69 million. DraftKings' stock closed at $29.97, marking a 5.22% decline and a 10.8% drop over the past week, significantly underperforming the broader market and its own 3-year returns. DraftKings' Chief Legal Officer R. Stanton Dodge sold 30,433 shares at $31.77 and 22,344 shares at $32.33 on January 20, 2026, per company disclosures. NCAA President Charlie Baker announced efforts to ban college proposition betting, triggering a 6.8% drop in DraftKings shares following a college basketball fixing scandal.

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