U.S. markets closed
  • S&P 500

    4,486.46
    +15.09 (+0.34%)
     
  • Dow 30

    35,258.61
    -36.15 (-0.10%)
     
  • Nasdaq

    15,021.81
    +124.47 (+0.84%)
     
  • Russell 2000

    2,267.84
    +2.19 (+0.10%)
     
  • Crude Oil

    82.46
    +0.02 (+0.02%)
     
  • Gold

    1,764.00
    -1.70 (-0.10%)
     
  • Silver

    23.23
    -0.03 (-0.15%)
     
  • EUR/USD

    1.1614
    -0.0004 (-0.03%)
     
  • 10-Yr Bond

    1.5840
    +0.0650 (+4.28%)
     
  • GBP/USD

    1.3730
    +0.0003 (+0.02%)
     
  • USD/JPY

    114.3000
    -0.0120 (-0.01%)
     
  • BTC-USD

    61,962.92
    +492.46 (+0.80%)
     
  • CMC Crypto 200

    1,430.53
    -21.11 (-1.45%)
     
  • FTSE 100

    7,203.83
    -30.20 (-0.42%)
     
  • Nikkei 225

    29,025.46
    +474.56 (+1.66%)
     

Why DraftKings Shares Are Trading Higher Today

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

DraftKings Inc (NASDAQ: DKNG) shares are trading higher Wednesday after Ark Invest founder and CEO Cathie Wood bought more than $60 million in shares.

Wood reported that she purchased shares of DraftKings for multiple Ark exchange traded funds yesterday:

  • 742,840 shares for ARK Innovation ETF (ARCA:ARKK)

  • 202,723 shares for ARK Next Generation Internet ETF (ARCA:ARKW)

  • 127,608 shares for ARK Fintech Innovation ETF (ARCA:ARKF)

DraftKings is continuing to trend higher today after the company announced it agreed to a multi-year deal with Simplebet to expand its sportsbook in-game offerings yesterday.

DraftKings is a digital sports entertainment and gaming company.

DKNG Price Action: DraftKings has traded as high as $74.38 and as low as $34.28 over a 52-week period.

At last check Wednesday, the stock was up 5.28% at $59.45.

Photo by World Poker Tour from Flickr.

See more from Benzinga

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.