DraftKings Inc (NASDAQ:DKNG) shares are trading higher Wednesday after Ark Invest founder and CEO Cathie Wood bought more than $60 million in shares.
Wood reported that she purchased shares of DraftKings for multiple Ark exchange traded funds yesterday:
- 742,840 shares for ARK Innovation ETF (NYSE:ARKK)
- 202,723 shares for ARK Next Generation Internet ETF (NYSE:ARKW)
- 127,608 shares for ARK Fintech Innovation ETF (NYSE:ARKF)
DraftKings is continuing to trend higher today after the company announced it agreed to a multi-year deal with Simplebet to expand its sportsbook in-game offerings yesterday.
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 over a 52-week period.
At last check Wednesday, the stock was up 5.28% at $59.45.
Photo by World Poker Tour from Flickr.