A quick look at yesterday: the sports betting operator topped out at $19.9 having ended yesterday at $19.36. However, despite early momentum, the stock gave up its gains to now trade at $19.36.
United States ADP Nonfarm Employment Change (Feb) is next today at 13:15 UTC.
Meanwhile, United States API Weekly Crude Oil Stock came out at -3.83 million, while a consensus of analysts was expecting -308,000. United States 3-Year Note Auction released yesterday at 18:00 UTC with a figure of 4.635, while the previous figure was 4.073.
Visual analysis of DraftKings's chart shows that although DraftKings Inc. is appreciating today after rising as high as $19.9, price action is now slowing and consolidating around 89 cents below the $20.25 resistance level.
DraftKings went up yesterday, yet these consumer discretionary stocks did not follow — Home Depot went down to $290.7, losing 2.52% after it closed at $298.21 yesterday. Walt Disney drops 1.59% yesterday to close at $100.66. McDonald's closed at $267.13 (down 1.3%).
Also worthy of note, as things stand, upcoming United States Crude Oil Inventories data is projected to fall short of market expectations with newly published data of 395,000, following on from the preceding figure of 1.17 million. New data is set to be published today at 15:30 UTC.
Elsewhere, United States ADP Nonfarm Employment Change (Feb) is scheduled for today at 13:15 UTC. United States JOLTs Job Openings (Jan) scheduled to come out today at 15:00 UTC.
The stock has been trending positively for about 2 months. The fantasy sports contest and sports betting operator has gained 76.38% since its lowest print of $10.27 earlier this year.