Why DraftKings Stock Had Another Lousy Month in October

DraftKings (NASDAQ: DKNG) investors were hoping the sports betting company would get back into the game during the Spooky Month, following a September that saw the stock lose 22% of its value. There wasn't any relief for them, however, as the shares continued their slide in October (albeit at a narrower decline of 18%). As in the preceding month, DraftKings struggled with smaller but no less determined competitors. And like other sports betting companies, it suffered some fallout from a high-profile gambling scandal.DraftKings markets itself quite aggressively. As recently as the end of September, it secured a high-level advertising deal with media company Comcast's NBCUniversal to feature its branding within the broadcaster's live sports programming. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool