Why DraftKings Stock Soared 48% in November
Shares of DraftKings (NASDAQ: DKNG) rocketed 48% higher last month, according to data provided by S&P Global Market Intelligence, following a host of positive developments for the online betting company. DraftKings' stock price got a boost early in November after voters in three states -- Maryland, South Dakota, and Louisiana -- approved measures to legalize wagers on sporting events. DraftKings' stock rose sharply after more states moved to legalize sports betting.
