Why DraftKings Stock Is Tumbling Today

Why DraftKings Stock Is Tumbling Today

What happened Shares of DraftKings (NASDAQ: DKNG) slid as much as 11.4% in morning trading Monday as the Dow Jones Industrial Average dove over 800 points, or about 3%, at the open. So what Shares of the sports-betting shop have quintupled since the company's initial public offering late last year, and recently hit an all-time high of $55.