GMVHF - Is DraftKings A Buy Or Sell If It Acquires Entain? What To Consider
- DraftKings stock has slid 15% in seven sessions since news broke of a $22 billion bid for the UK's Entain.
- From one perspective, the sell-off seems illogical, as the UK market suggests there's little chance of the takeover actually occurring.
- But from another, the deal suggests a lack of management confidence in both the business and the stock price.
- Sentiment toward DKNG stock seems to come down to an investor's belief in the strategic logic here; both bulls and bears may see the offer as cementing their respective positions.
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Is DraftKings A Buy Or Sell If It Acquires Entain? What To Consider