DraftKings Inc (DKNG) receives a Buy rating from Citigroup

DraftKings Inc’s recent filing unveils that its Director Moore Ryan R unloaded Company’s shares for reported $3.51 million on Aug 21 ’25. In the deal valued at $45.92 per share,76,390 shares were sold. As a result of this transaction, Moore Ryan R now holds 402 shares worth roughly $18857.82.

Then, Ellingson Alan Wayne sold 44,693 shares, generating $2,006,716 in total proceeds. Upon selling the shares at $44.90, the Chief Financial Officer now owns 128,131 shares.

Before that, Moore Ryan R bought 76,390 shares. DraftKings Inc shares valued at $3,505,000 were divested by the Director at a price of $45.88 per share.

Citigroup reiterated its DraftKings Inc [DKNG] rating to a Buy in a research note published on July 01, 2025; the price target was $58. A number of analysts have revised their coverage, including JP Morgan’s analysts, who began to cover the stock in late June with a ‘”an Overweight”‘ rating. Bernstein began covering DKNG with “an Outperform” recommendation on June 04, 2025. BTIG Research maintained its rating on April 22, 2025. It rated DKNG as “a Buy”.

Price Performance Review of DKNG

On Monday, DraftKings Inc [NASDAQ:DKNG] saw its stock fall -0.57% to $46.91. Over the last five days, the stock has gained 2.65%. DraftKings Inc shares have risen nearly 30.60% since the year began. Nevertheless, the stocks have risen 26.10% over the past one year. While a 52-week high of $53.61 was reached on 02/14/25, a 52-week low of $29.64 was recorded on 04/04/25.

Levels Of Support And Resistance For DKNG Stock

The 24-hour chart illustrates a support level at 46.51, which if violated will result in even more drops to 46.11. On the upside, there is a resistance level at 47.28. A further resistance level may holdings at 47.65.

How much short interest is there in DraftKings Inc?

A steep rise in short interest was recorded in DraftKings Inc stocks on 2025-07-31, growing by 4.34 million shares to a total of 33.46 million shares. Yahoo Finance data shows the prior-month short interest on 2025-06-30 was 29.12 million shares. There was a rise of 12.97%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on January 08, 2025 when Susquehanna resumed its ‘”a Positive”‘ rating for the stock and retained the price target to $54.

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