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.