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DKNG - Where To Look For Value In This Crazy Market
DraftKings Inc.
I started writing this article a few days ago, but Tuesday's close is a great example of how strange this market is. Tuesday, the market is up the entire day 70bps or so. Not unusual of late. Then, it turns out Moderna (MRNA), a company that's working on a vaccine, may have misrepresented its phase 1 data in the press release of Friday that sent the market hurling upwards, and BOOM, the market drops 200bps in the final hour. Moderna has a bit of a promotional reputation, and they followed up Friday's "pump"