DKNG - Hot Stocks: DKNG dips on GMVHF bid; QS gets contract; LKNCY results; ROLL offering; OSK investment

Word of a major play in the gambling space stirred things up in Tuesday's midday trading. Shares of DraftKings (NASDAQ:DKNG) slipped after the company reportedly made a bid for U.K.-based Entain (OTCPK:GMVHF). RBC Bearings (NASDAQ:ROLL) was another intraday loser, weighed down by an offering of stock and convertible notes. Meanwhile, Oshkosh (NYSE:OSK) also posted losses, hurt by news of a robotics investment. Looking at some of the midday winners on Wall Street, QuantumScape (NYSE:QS) posted a double-digit percentage gain after it announced a new contract. Luckin Coffee (OTCPK:LKNCY) also posted a notable advance, lifted by the release of strong financial figures. Decliners DraftKings (DKNG) has lost ground in intraday action after reportedly making a $20B offer for sports betting and gambling company Entain (OTCPK:GMVHF). CNBC broke the news, saying the purchase would mostly consist of stock, although it could include up to 30% of cash as well. DKNG dropped 8%

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Hot Stocks: DKNG dips on GMVHF bid; QS gets contract; LKNCY results; ROLL offering; OSK investment