DK
DKNG
-2.4%🟢 Fundamentally supportedDraftKings Inc. Class A Common Stock · Consumer Cyclical
$18.85Vol 19.04M · 1.2× normalMkt cap −$0.23BMarket closed — 2026-10-16 session
What happened
Move
-2.4%
Price
$18.85
Volume
19.04M
1.2× normal
Market cap
$9.36B
−$0.23B today
Why it moved
Earnings releasemedium confidence
- DraftKings (DKNG) Could Be 8% Undervalued On Spending And Revenue Pressure — finnhub-news
- DraftKings (DKNG) Is Attracting More Bettors. Why Are Earnings Falling? — finnhub-news
Possible catalyst: earnings release, 1.7pp below its sector.
Verdict — was the move justified?
🟢 Fundamentally supported
Earnings release — direction and rough magnitude are consistent with the identified fundamental catalyst.
How unusual is this move
σ score
0.6σ
vs own 20d volatility
Percentile
55th
of 1271 daily moves
Avg daily move
±2.8%
own 5y average
vs sector
-1.7%
beyond sector median
What happened after similar moves
172 similar down moves in DKNG’s 5-year history:
After 5 days
+0.8%
54% higher
After 20 days
+1.9%
53% higher
Median of same-direction moves within ±35% magnitude band. Past patterns don’t predict outcomes — context, not signal.
Fundamental context
V 67G 25P 0H 15Q 50
Full fundamental analysis on PreMarketPrice
Pillar scores, financial statements, valuation history, news & more for DKNG