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Why DraftKings Stock Dropped 7.3% on Monday

·1 min read
Why DraftKings Stock Dropped 7.3% on Monday
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Shares of online betting company DraftKings (NASDAQ: DKNG) fell as much as 7.3% in trading on Monday as investors quickly exited growth stocks. The biggest reason for the drop at DraftKings was the market's sell-off in general. Fear of the financial markets breaking down are high after issues at China Evergrande Group made global headlines over the weekend.