1. DKNG stock dropped nearly 20% ahead of earnings report. 2. Ken Griffin and Cliff Asness are both facing significant losses. 3. A Death Cross indicates sustained bearish momentum for DKNG stock. 4. Wall Street anticipates an EPS loss of 40 cents per share. 5. Mixed earnings results could lead to significant price volatility.
FAQ
Why Bearish?
The downward trend and technical indicators like the Death Cross suggest continued weakness. Historical precedent indicates that similar technical signals often coincide with price declines for stocks.
How important is it?
The article highlights significant losses for major investors in DKNG and a critical upcoming earnings report, making it highly relevant. The presence of the Death Cross adds to the urgency of the situation.
Why Short Term?
Earnings results can cause immediate price reactions, which are usually short-lived. Negative sentiment surrounding upcoming earnings is likely to influence the stock price closely in the near future.