Replies to post #7376 on DraftKings Inc (DKNG)

[Hattori Hanzo]

Look at the SPY chart for today, then look at the DKNG chart for today

I’m aware DKNG is nasdaq listed, I’m using the comparison visually.

DKNG, like many many other stocks, is held in index funds (mutuals and ETFs). When the overall market trends in a certain direction, those funds move with it, and subsequently, the individual issues move similarly