DraftKings Shares Sag On Soft Q3 Guidance, Too Many Wins By NFL Favorites

DraftKings shares sank nearly 7% after the sports betting firm offered weak guidance for the third quarter and indicated pressure on revenue from favorites dominating underdogs in NFL games. The guidance and disclosures came in an SEC filing in which the company announced that it was selling 16 million shares of Class A stock, with […]