Why DraftKings And Penn National Shares Are Trading Lower Today


Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


DraftKings Inc. (NASDAQ:DKNG) shares are trading lower after Hindenburg Research published a short report on the stock. Penn National Gaming, Inc. (NASDAQ:PENN) shares are trading lower in sympathy with DraftKings.

Hindenburg Research published a report titled, "DraftKings: A $21 Billion SPAC Betting It Can Hide Its Black Market Operations."

DraftKings is a digital sports entertainment and gaming company. The stock was trading about 7.5% lower at $46.74 at the time of publication. The stock has a 52-week high of $74.38 and a 52-week low of $27.54.

Penn National Gaming is the operator of gaming and racing properties and video gaming terminal operations in the U.S. The stock was trading about 1% lower at $79.85 per share. The stock has a 52-week high of $142.00 and a 52-week low of $26.96.


Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: MoversTrading Ideaswhy it's moving