The closing bell saw DraftKings Inc. (NASDAQ: DKNG) shares settling at $38.46, a marginal uptick from the opening value. Interestingly, the stock held its ground despite notable insider selling. According to the SEC filing on Wednesday, DraftKings CEO Jason Robins made a significant move when he sold 200,000 shares for $37.82 a share, for a total of $7,564,455. The company’s chief legal officer, Stanton Dodge, sold 52,777 shares in simultaneously, bringing in a gross income of $1,996,026.
Surprisingly, it appears that recent internal changes are reducing the impact of insider selling on the stock. In an unprecedented partnership, DraftKings and Samuel Adams, the Official Beer of Groundhog Day, have launched a cutting-edge fan prediction pool. The collaboration takes the tradition of weather forecasting quite seriously, with Samuel Adams Cold Snap taking the spotlight in the Prediction Pool for Groundhog Day.
Before Groundhog Day, fans may take part in a free pool at Draftkings website. Players must respond to questions concerning sports and Groundhog Day in order to determine if Punxsutawney Phil will see his shadow. The competitors who score the highest will have a chance to split a $10,000 cash prize.
Resurrected for a second year, Sam Adams hopes to encourage Cold Snap and improve people’s spirits amid the winter blues. It is also the Official Beer of Groundhog Day. DraftKings, in tandem with Samuel Adams, offers a distinctive way to celebrate the quirky festival and pay homage to furry companions. This groundbreaking prediction pool marks the collaboration of two essential companies catering to all springtime game day needs.
As DraftKings gears up to embrace spring alongside Samuel Adams, the festivities align with the excitement of March Madness and Spring Training. This venture provides clients with a delightful opportunity to anticipate the unexpected outcomes of Punxsutawney Phil’s predictions. From playoff games to bowl games and everything in between, the months of January through March present the perfect backdrop for enjoying a beer. Adding to the seasonal variety is Cold Snap, one of the three new beers introduced to enhance the enjoyment of game days.
