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DraftKings Inc. Cl A stock falls Thursday, underperforms market

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Terrence Horan

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Shares of DraftKings Inc. Cl A DKNG, +1.37% slumped 0.92% to $49.36 Thursday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index COMP, +0.37% rising 1.73% to 14,823.43 and the Dow Jones Industrial Average DJIA, +0.07% rising 1.56% to 34,912.56. The stock's fall snapped a three-day winning streak. DraftKings Inc. Cl A closed $25.02 short of its 52-week high ($74.38), which the company reached on March 22nd.

The stock underperformed when compared to some of its competitors Thursday, as Las Vegas Sands Corp. LVS, +0.29% rose 0.80% to $40.37 and MGM Resorts International MGM, +0.69% rose 0.60% to $48.44. Trading volume (11.3 M) remained 1.4 million below its 50-day average volume of 12.7 M.

Editor's Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.