DraftKings Inc (NASDAQ:DKNG) shares trade higher Wednesday after founder and CEO of Ark Invest Cathie Wood bought over $60 million worth of stock.
Wood reported that yesterday she bought shares of DraftKings for several Ark exchange-traded funds:
742,840 shares for ARK Innovation ETF (ARC: ARKK)
202,723 shares for ARK Next Generation Internet ETF (ARC: ARKW)
127,608 shares for ARK Fintech Innovation ETF (ARC: ARKF)
DraftKings continues to climb today after the company announced yesterday that it agreed to a multi-year deal with Simplebet to expand its sportsbook in-game offering.
DraftKings is a digital sports entertainment and gaming company.
DKNG price action: DraftKings has traded as high as $74.38 and as low as $34.28 in a 52-week period.
At its last check on Wednesday, the stock was up 5.28% to $59.45.
photo by World Poker Tour from flickr.
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