1 Growth Stock Down 40% to Buy Right Now
I'm an avid sports fan, so I've been aware of the workings of sports betting for quite some time (for better or worse). However, sports betting has officially gone mainstream, and even casual fans are beginning to try their hand at it.Whether sports betting will have a net positive effect on the sports industry and society as a whole is a topic of debate, but one thing's for sure: The industry has solidified itself as a major force, and DraftKings (NASDAQ: DKNG) is one of its main players.Since its IPO in July 2019, the company and its shareholders have experienced a roller-coaster ride. In March 2021, its share price peaked at close to $72, but it has since dropped to around $42.50 as of Feb. 26, 2025. That's not ideal if you invested near its peak, but the stock is positioned to be a good long-term investment.Continue reading
I'm an avid sports fan, so I've been aware of the workings of sports betting for quite some time (for better or worse). However, sports betting has officially gone mainstream, and even casual fans are beginning to try their hand at it.
Whether sports betting will have a net positive effect on the sports industry and society as a whole is a topic of debate, but one thing's for sure: The industry has solidified itself as a major force, and DraftKings (NASDAQ: DKNG) is one of its main players.
Since its IPO in July 2019, the company and its shareholders have experienced a roller-coaster ride. In March 2021, its share price peaked at close to $72, but it has since dropped to around $42.50 as of Feb. 26, 2025. That's not ideal if you invested near its peak, but the stock is positioned to be a good long-term investment.
