Is lady luck turning its back on online sports betting player DraftKings (DKNG)? Since peaking at $43.7 at the start of June, the share price has pulled back by 22% to its current value of $34.68 per share.It hasn’t helped that COVID-19 has made it difficult to predict the short-term fate of live sports action. The good news is that after two major college football conferences voted to postpone their fall seasons, others have indicated they will move ahead with own leagues. However, besides the uncertainty concerning sports’ leagues’ resumption, DraftKings has now been confronted with an altogether different kind …read more
Source:: Yahoo Finance
