Verified Investing on $DKNG (Nov 6, 2026)
DKNG is getting slammed after earnings, below recent lows at levels not seen since 2023; prediction markets and broker apps competing for new players are compressing its margins. The speaker would stay away until it reaches about $11.
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We have DraftKings here, guys. DraftKings reporting earnings and getting slammed. Look at the drop here on DraftKings. And I was talking about this with my traders today in the office and DraftKings when it first came out it was one of the one of two websites that you could basically gamble on.
All right. Now with prediction markets, I mean heck I even even stock broker websites like IBKR and other ones have this. I mean then you have Robin Hood, then you have KI, then you have I mean there are tons.
And so honestly this is compressing margins. It's competing for new players. And that's where we are right now. And DraftKings getting punished down significantly. In fact, we're actually below recent lows, coming down to levels not seen since 2023.
Where would I swing trade this? I'll tell you guys, I probably don't go near this until it gets towards 11 bucks down in this lower range here. So again, I'll keep an eye on that one.
Now, day trading wise, is there a level for a day trade? Yeah, probably. I would say actually right in here around 1575 looks like a good level on DraftKings for maybe a day trade long.
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