Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
DraftKings Inc. Cl A Stock Slides 3.9%, Underperforms Market

DraftKings Inc. Cl A Stock Slides 3.9%, Underperforms Market

Dow JonesDow Jones2026/09/28 20:34

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of DraftKings Inc. Cl A slipped 3.9% to $21.16 on what proved to be an all-around grim trading session for the stock market, with the NASDAQ Composite Index falling 0.9% to 26,820.38 and Dow Jones Industrial Average falling 0.7% to 51,481.51.

The stock's fall snapped a two-day winning streak.

DraftKings Inc. Cl A closed 51.5% short of its 52-week high of $43.66, which the company achieved on September 26th.

Trading volume totaled 16.0 million, compared to the 50-day average of 12.4 million.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

September 28, 2026 16:34 ET (20:34 GMT)

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Rare in 25 years! The 10-year U.S. Treasury yield surpasses the S&P 500 earnings yield

The 10-year US Treasury yield has surpassed 5%, making bonds more attractive relative to stocks than at any point in the past 25 years. The earnings yield of stocks, as measured by the inverse of the S&P 500’s price-to-earnings ratio, is now lower than the 10-year US Treasury yield, resulting in a clear yield suppression effect on the stock market from bonds. According to the Shiller model, the S&P 500 may outperform bonds by only about 1% annually over the next decade. The 20-year paradigm of stocks outperforming bonds has officially come to an end.

华尔街见闻•2026/09/28 23:06

Iron ore retreats, copper takes the lead: Australian mining stocks find a new growth story

Analysts state that the rapid growth in copper demand driven by power infrastructure and artificial intelligence (AI) provides a new rationale for investors to allocate to the mining sector. Australian mining stocks are expected to continue their upward trend.

智通财经•2026/09/28 22:51