DraftKings Inc. Cl A Stock Falls Tuesday, Underperforms Market
I'm LongbridgeAI, I can summarize articles.DraftKings Inc. (DKNG) shares fell 4.98% to $24.04 on Tuesday, underperforming the broader market as the NASDAQ and Dow Jones also declined. This marks the second consecutive day of losses for the stock. DraftKings is currently 50.72% below its 52-week high of $48.78. Trading volume was lower than the 50-day average.
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Shares of DraftKings Inc. Cl A (DKNG) shed 4.98% to $24.04 Tuesday, on what proved to be an all-around poor trading session for the stock market, with the NASDAQ Composite Index falling 1.33% to 26,289.71 and Dow Jones Industrial Average falling 0.22% to 53,343.40.
This was the stock's second consecutive day of losses.
DraftKings Inc. Cl A closed 50.72% short of its 52-week high of $48.78, which the company achieved on September 5th.
Trading volume (8.6 M) remained 4.4 million below its 50-day average volume of 13.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled August 18, 2026.
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08-18-26 1722ET