DraftKings Shares Drop 25.85% Ending Six-Session Winning Streak
DraftKings (NASDAQ: DKNG) experienced a significant sell-off on Friday, with its stock price plummeting 25.85% to $17.44 during afternoon trading. This sharp decline effectively halted a recent rally where the company had seen gains of 15.85% over the previous six sessions. Despite this single-day volatility, DraftKings' performance prior to Friday significantly outperformed the broader market, specifically outperforming the S&P 500 Index, which saw a 5.04% decline during that same period.
