DraftKings Shares Rise on Strong Report

March 1, 2021

DraftKings Shares Rise on Strong Report

We recently issued a bullish alert for the online sports betting company DraftKings (DKNG), citing a surge in mentions relating to sports gambling services in the latter half of 2020.

That trend has continued higher in recent months, with consumer Mentions of placing bets on sporting events up +24% in the past 90 days vs. the prior year.

DKNG continues to show individual strength as well: DraftKings Purchase Intent Mentions are holding at a higher level, up +78% YoY in the past 90-days.

Last Friday, DKNG reported 20Q4 revenue which exceeded expectations --  Shares are trading +10% higher today.

Want deeper insights? Get Free Access to The Vault.

Related Posts

Is Draftkings worth betting on here?

DraftKings (DKNG) DraftKings has been busy, and is poised for […]

Read More
Gamers can't get enough of Nvidia's graphics cards

Nvidia (NVDA) Would you look at that?! It's no leg […]

Read More
March Madness is Driving Sports Betting Activity

March Madness is Driving Sports Betting Activity Consumer mentions of […]

Read More
1 2 3 7

Related Posts

About LikeFolio

LikeFolio analyzes social media data to accurately predict shifts in consumer behavior. We sell data and insights to professional investors, corporate research teams, and software providers.
© 2024
 LikeFolio. All Rights Reserved.