Shares in sports betting company DraftKings (DKNG) have exploded by an incredible 237% since its Nasdaq debut in April. So it’s perhaps not surprising that insiders have taken advantage of this rally as quickly as possible. Although the extent to which the stock has been offloaded is still eyebrow-raising- with a whopping $596 million-worth of shares sold on June 23, according to a June 25 filing.Most notably, co-founder Paul Liberman has just sold $31 million worth of DKNG stock, leaving him with a $15 million holding. Robins Jason sold $70 million of DraftKings stock, while director Hany Nada sold off …read more
Source:: Yahoo Finance
