Why Shares of DraftKings Plunged 16.2% in June

Why Shares of DraftKings Plunged 16.2% in June

Shares of DraftKings (NASDAQ: DKNG) fell 16.2% in June, according to data provided by S&P Global Market Intelligence, as shares took a breather from a long run higher. You can see below that the last month's drop follows DraftKings stock quickly tripling on the market. The other was the offering of 40 million shares of stock, including insiders selling a whopping 24 million shares.