DraftKings, a big sports betting company, just got a $600 million loan! This is good news because it shows people believe in the company. However, the price of its stock (shares) went down a bit today.
- DraftKings got a bigger loan than expected.
- The stock price is currently below its average price over the past 126 days.
- Short sellers (people betting the price will go down) are increasing their bets.
- Some analysts think the stock price might go up soon.
| Fact | Number |
|---|---|
| Loan Amount | $600 million |
| Stock Price Decrease | 3.9% |
| Possible Stock Price Increase | ~18.94% |
| Short Interest Increase | 21.6% |
