DKNG buy?
Updated
I for one, truly believe in the sports gambling market. I am very new to trading, having only bought my first few stocks about a month or 2 ago. When DraftKings launched their IPO on the 24th of April, although I am new to the stock market, I saw potential. Opening at $10.04 its first day, the stock surged up to $19.35, nearly an 11% gain in its first day as a publicly traded stock. Why do I believe this is a great stock to buy right now in this market and the current state of the economy? Due to the global pandemic that is currently ravaging most of the world, DKNG still gained 11% in its first day, even while there are no professional sports being played. If this stock is at $21 as I write this, and as there are no sports being played, that should hint at something big coming for DKNG when professional sports continue. I see this stock going into the $100's as soon as sports pick up again, and I hope i'm right! once again, I'm just a rookie at the stock market game, but I genuinely beleieve in the growth and sustainibility in DraftKings, as a company, and a stock.
Note
it had a nearly 92% gain the first day* sorry about that
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.