High-profile manager Cathie Wood’s ARK Invest sold over 300,000 DraftKings (DKNG) shares, sparking investor uncertainty. The company, despite good revenue growth, reports heavy losses. DraftKings’ revenue rose 4% YoY to $1.14 billion, but missed analyst expectations. GAAP net losses remained significant at $257 million. CEO Jason Robins remains optimistic about long-term growth but lowered FY2025 revenue guidance. DraftKings is expanding its product footprint with new launches and partnerships, driving market presence. Analysts are mostly positive on DKNG stock, with a consensus “Strong Buy” rating and a mean price target of $44.45, suggesting 60% upside potential.

Read more at Barchart: Cathie Wood Is Selling DraftKings Stock. Should You?