$DKNG Insider Buys 7mm shares

has gone thru some ruff times. They had a secondary offering that did not do well the first week of October. Shares sold off hard for about 3 weeks. Then insider(s) bought 6,922,455 shares between October 23 thru the 26th. Earnings came in lower than expected and of course sports betting is down because of COVID... However, the stock has held up well after earnings and has regained the 21 EMA. I've opened a 1/2 position today as I think will be a long term leader, all TBD. You can see my entry price on the chart and I have a flexible stop at $40. Ideas, not investing / trading advice.

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I'll likely make this a full position if / when it retakes the 50 in a convincing manner. TBD

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Just added small here on toward the end of the day @ $48.41. Will likely keep adding small chunks until I get a full position. I will also move my stop for a 2% gain / $45.25 insuring a small profit

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Added small on again at $48.95 on continued strength. Avg price now $45.64

jaxdog

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jaxdog

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