Shares of DraftKings Inc. Cl A
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
rising 1.73% to 14,823.43 and the Dow Jones Industrial Average
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.
rose 0.80% to $40.37 and MGM Resorts International
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.