Why DraftKing's Stock Is Trading Lower Today

DraftKing Inc. DKNG shares are trading lower, potentially after five company directors disclosed the sale of roughly 15.4 million shares of common stock earlier on Wednesday.

DraftKings is a digital sports entertainment and gaming company. The firm provides users with daily fantasy sports, sports betting, and iGaming opportunities

DraftKing's stock was trading down 6% at $48.11 per share on Wednesday at the time of publication. The company has a 52-week high of $64.19 and a 52-week low of $9.85.

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