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Why Is It Moving? Analyzing The Downward Movement in DraftKings's Stock Today

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DraftKings's Stock Price And Volume Action

DraftKings's (NASDAQ:DKNG) stock has been falling Tuesday, down 4.23% to a price of $51.43. The stock's volume is currently 5.87 million, which is roughly 35.26% of its recent 30-day volume average of 16.65 million.

Why It's Moving

Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: DraftKings shares are trading lower after Berenberg initiated coverage on the stock with a Sell rating and announced a $41 price target.

Insights On Recent Price Action

The 50-day moving average price of DraftKings's stock was $48.98 when this article was published. The stock reached a high of $64.19 and a low of $18.0 in the past 52 weeks.

If you're looking for timely and concise explanations of why a stock is moving, check out Benzinga Pro. Subscribers get ‘Why Is It Moving' alerts as soon as our research team identifies the cause of the price action in a stock. Click here to learn more.

 

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