Draftkings Inc ($DKNG) Stock Forecast: Down 6.1% Today

What is Draftkings Inc?

DraftKings Inc. (DKNG) is a popular sports betting company that offers online gaming and sports betting platforms. The stock is listed on the NASDAQ exchange.

Why is Draftkings Inc going down?

DKNG stock is down 6.1% on Aug 8, 2025 13:42

• DraftKings stock experienced a bearish movement today.
• Cathie Wood's Ark Invest made significant trades involving DraftKings shares, possibly contributing to the downward pressure on the stock.
• Despite reporting revenue growth and setting company records in the second quarter, DraftKings missed earnings estimates, leading to investor disappointment.
• Lowered guidance for the full year after Q1 results and strategic adjustments in response to recent market developments may have also impacted investor sentiment, resulting in the bearish movement of the stock.

DKNG Price Chart

DKNG Technical Analysis

DKNG News

Cathie Wood Buys the Airbnb Dip With $21.5 Million Stock Purchase, Dumps Palantir, DraftKings And Robinhood Shares - ARK Fintech Innovation ETF ( BATS:ARKF ) , Airbnb ( NASDAQ:ABNB )

On Thursday, Cathie Wood-led Ark Invest executed significant trades involving Airbnb Inc. ABNB, Robinhood Markets Inc. HOOD, Palantir Technologies Inc. PLTR, and DraftKings Inc. DKNG. These trades reflect Ark's strategic adjustments in response to recent market developments and company-specific ...

https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/08/46987944/cathie-wood-buys-the-airbnb-dip-with-21-5-million-stock-purchase-dumps-palantir-draftk

DraftKings Stock Surrenders Q2 Earnings Pop: What's Going On? - DraftKings ( NASDAQ:DKNG )

DraftKings reports better-than-expected results for the second quarter. Multiple analysts weigh in on the quarter following the print. The market's back, and these 3 income stocks are thriving. See them here→

https://www.benzinga.com/trading-ideas/movers/25/08/46975855/draftkings-stock-surrenders-q2-earnings-pop-whats-going-on

DraftKings ( DKNG ) Q2 Earnings Miss Estimates

DraftKings (DKNG) delivered earnings and revenue surprises of -7.32% and +5.99%, respectively, for the quarter ended June 2025. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2675151/draftkings-dkng-q2-earnings-miss-estimates

DraftKings Reports Second Quarter Revenue Growth of 37% to $1,513 Million - DraftKings ( NASDAQ:DKNG )

Sets Company Records for Revenue, Net Income, and Adjusted EBITDA Maintains 2025 Revenue and Adjusted EBITDA Guidance Ranges BOSTON, Aug. 06, 2025 ( GLOBE NEWSWIRE ) -- DraftKings Inc. DKNG ( "DraftKings" or the "Company" ) today announced its second quarter 2025 financial results.

https://www.benzinga.com/pressreleases/25/08/g46925261/draftkings-reports-second-quarter-revenue-growth-of-37-to-1-513-million

DraftKings Q2 Preview: Sports Betting Company Looks To Win Investors Over Ahead Of NCAA Football, NFL Seasons - DraftKings ( NASDAQ:DKNG )

DraftKings lowers guidance for the full year after Q1 results. The company looks to get back on track with a strong Q2 ahead of the NCAAF and NFL seasons. Get special access to three exclusive "Top 10 Stocks" power lists today, updated daily.

https://www.benzinga.com/trading-ideas/previews/25/08/46886086/draftkings-q2-preview-sports-betting-company-looks-to-win-investors-over-ahead-of-ncaa-foo

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Draftkings Inc Price History

06.05.2025 - DKNG Stock was up 5.3%

• Despite facing selling pressure due to Illinois' new tax regulations on sports betting operators, DraftKings saw a strong bullish movement today.
• The average brokerage recommendation (ABR) suggesting DraftKings as a good investment might have contributed to the positive market sentiment.
• Investors seem to be optimistic about DraftKings' long-term growth potential despite short-term challenges, leading to the bullish movement in the stock price.
• The market's reaction indicates that investors are focusing more on DraftKings' overall business outlook rather than short-term regulatory hurdles.

08.07.2025 - DKNG Stock was down 6.1%

• DraftKings stock experienced a bearish movement today.
• Cathie Wood's Ark Invest made significant trades involving DraftKings shares, possibly contributing to the downward pressure on the stock.
• Despite reporting revenue growth and setting company records in the second quarter, DraftKings missed earnings estimates, leading to investor disappointment.
• Lowered guidance for the full year after Q1 results and strategic adjustments in response to recent market developments may have also impacted investor sentiment, resulting in the bearish movement of the stock.

08.04.2025 - DKNG Stock was up 5.0%

• There is a notable uptrend in DKNG stock, possibly driven by expectations of strong Q1 financial results.
• Increased betting on significant sporting events such as the NFL Playoffs and Super Bowl might have boosted revenue.
• Investors show confidence in DraftKings' prospects, resulting in a rise in stock value.
• The imminent earnings release could amplify the ongoing positive momentum for DraftKings.

09.04.2025 - DKNG Stock was up 7.2%

• DraftKings' first-quarter revenue stood at $1,409 million, surpassing expectations and demonstrating robust financial performance.
• The company's emphasis on high-profile sporting events such as the NFL Playoffs and Super Bowl likely played a key role in the revenue increase by attracting more users to the platform.
• Investor confidence in DraftKings' capacity to tap into the expanding online betting market is driving the stock price up, buoyed by the favorable earnings results.

08.06.2025 - DKNG Stock was up 5.0%

• DKNG's bullish movement today is likely due to positive projections for the company's path to achieving $750 million in free cash flow by 2025, supported by the strength of its sportsbook and margin expansion.
• Investor optimism in the options market also played a role in driving up DKNG's stock, showing confidence in the company's future.
• The favorable outlook for free cash flow and positive investor sentiment in the options market likely contributed to the bullish momentum for DraftKings today.

31.06.2025 - DKNG Stock was up 5.5%

• The bullish movement in DKNG today can be attributed to the launch of the Defiance Daily Target 2X Long DKNG ETF DKNX, providing investors with amplified exposure to DraftKings' performance.
• Despite the overall market gains, DraftKings' stock dipped slightly by -1.74% from the previous day's close. This dip could be due to profit-taking by some investors after a period of strong performance.
• The launch of the leveraged ETF may have sparked renewed interest in DraftKings, leading to increased buying pressure and ultimately driving the bullish movement in the stock.

22.03.2025 - DKNG Stock was up 5.3%

• The bullish movement in DraftKings' stock today could be attributed to the anticipation and positive market sentiment surrounding the upcoming release of its first quarter 2025 results.
• Investors might be optimistic about the company's performance, leading to increased buying activity and driving the stock price higher.
• The slight dip in the stock price on the previous trading day might have been a temporary fluctuation, and today's bullish movement could indicate a renewed interest and confidence in DraftKings among investors.

02.06.2025 - DKNG Stock was down 5.7%

• DraftKings recently introduced "My Budget Builder" to promote responsible gaming, showing their dedication to player well-being.
• The online gambling sector could encounter regulatory obstacles, with hints of a tax crackdown, echoing concerns around the industry's future.
• DKNG's stock has experienced a bearish trend amid worries from investors about the company's growth prospects amidst potential regulatory changes.

24.05.2025 - DKNG Stock was up 5.2%

• Wall Street analysts are bullish on DraftKings (DKNG), recommending it as a good investment, which could have contributed to the stock's bullish movement today.
• Despite the overall market dipping, DraftKings (DKNG) managed to gain, showcasing its resilience and potential strength in the face of market fluctuations.
• The positive sentiment surrounding DraftKings (DKNG) may have been fueled by the company's innovative approach to the sports betting industry and its ability to adapt to changing market dynamics.

07.07.2025 - DKNG Stock was down 1.7%

• Despite strong revenue growth and setting company records for revenue, net income, and adjusted EBITDA, DraftKings' stock experienced a bearish movement today.
• The Q2 earnings missing estimates by -7.32% might have contributed to the bearish sentiment among investors.
• The lowered guidance for the full year after Q1 results could have impacted investor confidence, leading to the bearish market movement.
• The bullish stance taken by investors in the options market might indicate a positive long-term outlook, suggesting that the bearish movement today could be a short-term correction rather than a long-term trend.

03.03.2025 - DKNG Stock was down 8.1%

• Despite active bullish options trading, DraftKings (DKNG) closed at $37.04, marking a -1.7% decline from the previous day.
• The optimistic options trading did not result in a positive market performance for DraftKings.
• External market conditions likely contributed to DraftKings' more significant than usual decline today, demonstrating sensitivity to various factors impacting stock prices.
• The bearish movement of DraftKings might have been influenced by overall market sentiment or specific industry developments, despite the positive options trading noticed.

28.02.2025 - DKNG Stock was down 5.3%

• Financial heavyweights displayed optimism towards DraftKings, but the stock faced a decline, closing at $37.04, a decrease of -1.7% compared to the previous day.
• An uptick in unusual options trading, with a higher ratio of bullish investors, signals mixed sentiments prevailing in the market.
• The stock's drop could be linked to profit-taking by some shareholders following a period of positive performance, resulting in a temporary setback in its value.
• It is plausible that external factors, including general market trends or industry-specific developments, may have contributed to DraftKings' decline, despite positive outlooks from certain traders.