DraftKings stock slips 1.03% and underperforms market

12 articles · Updated · MarketWatch · May 6

The shares closed at $23.92 on Wednesday as the Nasdaq rose 2.02% to 25,838.94 and the Dow gained 1.24% to 49,910.59.
The decline ended a two-day winning streak for the sports-betting company's Class A stock.
DraftKings finished 50.96% below its 52-week high of $48.78, while trading volume of 19.1 million topped its 50-day average of 12.8 million.

Down 50% from its high, is DraftKings a historic buying opportunity or a value trap for unsuspecting investors?

Is DraftKings' new 'Predictions' platform a billion-dollar growth engine or a costly gamble ahead of a regulatory crackdown?