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DraftKings Shares Drop As Short Seller Issues Warning

DraftKings shares dropped as much as 11% this morning after Hindenburg Research announced it had taken a short position against the stock. In a report, Hindenburg said the betting group’s merger with Bulgaria-based SBTech has opened DraftKings up to exposure linked to black-market gaming and money laundering. “SBTech offered DraftKings a turnkey sports book, complete with user management, custo...

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Marathon Digital Holdings Inc (NASDAQ: MARA): Marathon Digital announced today that it is set to join the Russell 2000 Index at the end of the 2021 Russell indices’ annual reconstitution, effective after the open on June 28. “Being added to the Russell 2000 Index demonstrates the immense progress we have made transforming Marathon over the past year,” Fred Thiel, Marathon’s...

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K’s pullback in the last month is good for both short-term traders and value investors

The S&P 500 pushed to a new record close to start this week, while volatility seems to be dropping. That generally calls into question how sustainable short-term, broadly bullish market momentum may be; and given the generally unsettled nature of the market over the last month amid questions about the pace of inflation and whether current monetary policy is finally being too accommodative as economic activity increases, some of that uncertainty is warranted. That uncertainty, in fact is w...

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HyreCar Inc., together with subsidiaries, operates a web-based car-sharing marketplace in the United States. Its marketplace allows car owners to rent their idle cars to ride-sharing service drivers, such as Uber and Lyft drivers. HyreCar Inc. was incorporated in 2014 and is headquartered in Los Angeles, California.


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Investing is Inherently Risky - There are risks inherent in all investments, which may make such investments unsuitable for certain persons. These include, for example, economic, political, currency exchange, rate fluctuations, and limited availability of information on international securities. You may lose all of your money trading and investing. Do NOT enter any trade without fully understanding the worst-case scenarios of that trade. And do NOT trade with money you cannot afford to lose. Past performance of an investment is not necessarily indicative of its future results. No assurance can be given that any implied recommendation will be profitable or will not be subject to losses.

                  

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