Several names have made a big market entrance in 2020 and you can count DraftKings (DKNG) among them. The opportunity in online sports betting has evidently caught investors’ imagination and as a result, shares up by 378% year-to-date.However, last week the stock experienced a pullback to the tune of 23%, after the company announced the sale of 32 million shares to prop up the balance sheet.Considering the sell-off, is now the right time to pull the trigger on DKNG shares? Not according to Deutsche Bank analyst Carlo Santarelli. The 5-star analyst initiated coverage of DraftKings with a Hold rating and …read more
Source:: Yahoo Finance
