ORCL - Hot Stocks: Continued DKNG saga ORCL cloud worries KIN merger RBLX disappointing user stats
The DraftKings (DKNG) saga continued Wednesday morning, as a well-known investor grabbed the online gaming company's stock after Tuesday's decline.Oracle (ORCL) dropped in Wednesday's pre-market action, despite the release of better-than-expected quarterly results. Concerns about the firm's cloud division spurred the decline.In other news, Kindred Bio (KIN) jumped in pre-market trading on a merger deal. Meanwhile, video game company Roblox (RBLX) dropped on disappointing user statistics for May. And SPI Energy (SPI) gained ground on a product launch.A day after a short call sent the share price reeling, DraftKings remains a key talking point before the open on Wednesday. ARK Invest took the price decline as an opportunity to acquire the stock, buying 181,597 shares for the ARK Next Generation Internet ETF and 688,702 shares for the ARK Innovation ETF.On Tuesday, Hindenburg Research released a call alleging that DraftKings has ties to black-market gaming through its merger of SBTech. Other
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Hot Stocks: Continued DKNG saga, ORCL cloud worries, KIN merger, RBLX disappointing user stats