Key Points DraftKings stock has been under duress as prediction markets have moved into sports betting. Some analysts say those fears are overblown and that prediction market volume is misunderstood. The company is already taking steps to allay those concerns and restore investor confidence. 10 stocks we like better than DraftKings › Investors paying attention to sports betting stocks these days are likely aware the industry has caught a virus known as "Prediction Markets Flu." Down 22.6% for the ...

Gambling powerhouse DraftKings Inc. NASDAQ: DKNG is flashing a rare signal that investors typically only see a handful of times in a stock’s lifetime. Its Relative Strength Index (RSI), a key measure of momentum, has collapsed below 15, marking the lowest reading in company history. For context, a reading below 30 indicates that the stock is oversold.  DraftKings TodayDKNGDraftKings$32.79 -2.41 (-6.85%) 52-Week Range$29.64▼$53.61Price Target$53.28Add to WatchlistThat means that after a brutal five-week str ...