Latest News

Does buying the dip really work as a stock trading strategy?

0

Motley Fool

Why DraftKings Stock Plunged Today

Shares of DraftKings (NASDAQ: DKNG) fell 9.4% on Friday after noted short-seller Jim Chanos said he was betting against the sports betting company. “If you quadrupled DraftKings’ revenue and gross profit … and take their marketing spending, which is currently over 100% of revenue, to 10% of revenue, which is their target, and you keep overhead at today’s level … DraftKings would still be losing $200 million a quarter,” Chanos said. It should be noted, however, that DraftKings CEO Jason Robins vehemently disagrees with that view.

Elon Musk has now sold more than $10 billion in Tesla stock, part of a record wave of CEOs cashing out

Previous article

DocuSign shares tanks 42% amid concerns of slowing demand

Next article

You may also like

Comments

Leave a reply

Your email address will not be published.

More in Latest News