DraftKings Inc
NASDAQ:DKNG
During the last 3 months DraftKings Inc insiders have not bought any shares, and sold 79.7m USD worth of shares. The stock price has dropped by 21% over this period (open performance analysis).
The last transaction was made on
Apr 21, 2025
by
Dodge R Stanton
(Director)
, who
sold
1.6m USD
worth of DKNG shares.
During the last 3 months DraftKings Inc insiders have not bought any shares, and sold 79.7m USD worth of shares. The stock price has dropped by 21% over this period (open performance analysis).
The last transaction was made on
Apr 21, 2025
by
Dodge R Stanton
(Director)
, who
sold
1.6m USD
worth of DKNG shares.
DraftKings Inc
Glance View
DraftKings Inc. emerges from the vibrant crossroads of innovation and entertainment, where the love for sports blends seamlessly with the excitement of digital gaming. Established in 2012, DraftKings was born from the vision of three Boston-based entrepreneurs who wanted to elevate the sports experience beyond passive viewing by introducing daily fantasy sports competitions. Rather than waiting until the end of a sports season, fans could now engage with their favorite leagues on a daily basis, crafting lineups and earning points based on real-player performances. This model tapped into a growing market of sports aficionados eager for deeper immersion and interaction with the games they love. Fast forward to today, DraftKings has evolved into a leading player in the digital sports entertainment and gaming industry. With the legalization of sports betting across various states in the U.S., DraftKings expanded its offerings to include online sports wagering. This move allows users to place bets on an array of sports events directly from their smartphones or computers, blending the strategy of prediction with the thrill of real-time outcomes. The company generates revenue primarily through the conversion of user wagers into income, augmented by its offerings of daily fantasy sports contests and access fees. Furthermore, with a robust platform capable of supporting intense real-time interaction, DraftKings captures a dynamic slice of the market that not only seeks entertainment but also the potential for monetizable engagement, thus carving out a unique niche in the sports gaming landscape.
What is Insider Trading?
Insider trading refers to the buying or selling of a company’s stock by individuals with access to non-public, material information about the company.
While legal insider trading occurs when insiders follow disclosure rules, illegal insider trading involves trading based on confidential information and is prohibited by law.
Why is Insider Trading Important?
It isn't a coincidence that corporate executives seem to always buy at the right times. After all, they have access to every bit of company information you could ever want.
However, the fact that company executives have unique insights doesn't mean that individual investors are always left in the dark. Insider trading data is out there for all who want to use it.
Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.
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