Draftkings Inc ($DKNG) Stock Forecast: Up 5.5% Today

What is Draftkings Inc?

DraftKings (DKNG) is a popular American daily fantasy sports contest and sports betting operator. The company offers online gaming opportunities in the United States and has been gaining traction in the market.

Why is Draftkings Inc going up?

DKNG stock is up 5.5% on Jul 31, 2025 13:56

• 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.

DKNG Price Chart

DKNG Technical Analysis

DKNG News

Defiance Launches DKNX: 2X Leveraged ETF on DraftKings ( DKNG )

MIAMI, July 31, 2025 ( GLOBE NEWSWIRE ) -- Defiance ETFs, a leader in thematic and leveraged exchange-traded funds, today announced the launch of an innovative ETF: The Defiance Daily Target 2X Long DKNG ETF DKNX. This fund provides investors with amplified 2X daily exposure to the performance ...

https://www.benzinga.com/pressreleases/25/07/g46745373/defiance-launches-dknx-2x-leveraged-etf-on-draftkings-dkng

DraftKings ( DKNG ) Stock Dips While Market Gains: Key Facts

DraftKings (DKNG) concluded the recent trading session at $44.04, signifying a -1.74% move from its prior day's close.

https://www.zacks.com/stock/news/2614401/draftkings-dkng-stock-dips-while-market-gains-key-facts

Trending Today

Bitcoin Cash ($BCH) Crypto Forecast: Down 5.4% Today

Arista Networks Inc. ($ANET) Stock Forecast: Down 5.2% Today

Ethereum ($ETH) Crypto Forecast: Down 5.6% Today

Amazon.com Inc. ($AMZN) Stock Forecast: Down 8.2% Today

Pacific Gas & Electric Co. ($PCG) Stock Forecast: Up 2.2% Today

LyondellBasell Industries NV Class A (Netherlands) ($LYB) Stock Forecast: Down 6.8% Today

Peloton Interactive Inc ($PTON) Stock Forecast: Down 7.4% Today

Avantor, Inc. ($AVTR) Stock Forecast: Down 17.0% Today

Ethena ($ENA) Crypto Forecast: Down 5.2% Today

Newell Brands Inc. ($NWL) Stock Forecast: Down 15.8% Today

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.

08.04.2025 - 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.

18.02.2025 - DKNG Stock was down 5.0%

• Big investors have shown a bearish outlook on DraftKings, as seen from options data, potentially impacting the stock's downward trajectory.
• This pessimistic view from major investors might have influenced smaller traders to sell their DKNG shares.
• Monitoring signals from institutional investors is crucial for investors to gain insights into market sentiment and potential price movements for stocks like DraftKings.

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.

25.02.2025 - DKNG Stock was down 5.0%

• Financial giants showed optimism towards DraftKings, but the stock closed lower, signaling a bearish trend.
• Options history for DKNG indicated mixed sentiments, with 50% being bullish and 27% showing bearish inclinations among traders.
• The drop in DraftKings' stock price may be linked to overall market conditions or internal company-specific factors not explicitly mentioned.
• Investors following DraftKings should stay vigilant about market shifts and company updates for making well-informed decisions.

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.

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.