DraftKings stock (NASDAQ: DKNG) is on the rise after being in the red since September: here is where to buy it

DraftKings share price started the week on a high note and it has maintained a bullish outlook since Monday. The stock is up 1.92% today and investors believe it is the end of the long bear market that has persisted since September 8.

If the stock price rises above the September highs above $60, investors stand to gain two folds if they cash in at the current price.

To help stock investors interested in investing in Draftkings stock, Invezz has created a brief article on what it is and where to buy it.

To find out more, please continue reading.

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What is DraftKings stock?

DraftKings stock is the stock of DraftKings Sports betting company and it trades on the NASDAQ Stock Exchange under the symbol NASDAQ: DKNG.

DraftKings is an American company that deals with online casinos, fantasy sports contests, sports betting, and non-fungible tokens (NFTs).

The company holds daily and weekly online fantasy sports contests while also allowing users to participate in sports betting. Recently, it also launched an NFT marketplace after partnering with Autograph thus thrusting the company into the crypto market.

Should I buy DKNG stock today?

If you want to buy a stock that has dipped in the last few months but has started rising once again, then the DKNG stock is a good choice.

DraftKings stock price prediction

The DraftKings stock price is expected to rise towards its previous high above $60 and although the pace may be a bit slow it is expected to get there in the first quarter of 2022 if it maintains the current trend.

$DKNG social media coverage

The post DraftKings stock (NASDAQ: DKNG) is on the rise after being in the red since September: here is where to buy it appeared first on Invezz.

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By Fool Co, August 7, 2022
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