{"id":204463,"date":"2022-03-08T21:57:37","date_gmt":"2022-03-09T05:57:37","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=204463"},"modified":"2022-03-09T10:51:46","modified_gmt":"2022-03-09T18:51:46","slug":"draftkings-ceo-robins-warns-investors-theyll-regret-selling-falling-stock","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/draftkings-ceo-robins-warns-investors-theyll-regret-selling-falling-stock\/","title":{"rendered":"DraftKings CEO Jason Robins Warns Investors They’ll ‘Regret’ Selling Falling Stock"},"content":{"rendered":"

With his company\u2019s stock mired in a six-month freefall, DraftKings Chairman and CEO Jason Robins lashed out on Twitter Tuesday night. He posted a provocative message aimed at those who traded away shares in the sports entertainment, gaming, and technology company earlier in the day.<\/p>\n

\"Jason<\/a>
DraftKings CEO and Board Chair Jason Robins in an interview last September with CNBC. Since last September, shares of DraftKings have dropped by more than $46. On Tuesday night, Robins said the company would work to make people “regret” selling their stock. (Image: CNBC)<\/figcaption><\/figure>\n

DraftKings ended the day at $17.38 a share, a 3.7 percent drop. While its 52-week low happened two weeks ago at $16.56, the company\u2019s high-water mark in that span happened nearly a year ago, when shares went for $74.38.<\/p>\n

After a slight uptick late last summer at the start of the football season, when it got up to $64.50, the stock has trended downward ever since.<\/p>\n

Tuesday\u2019s closing price marked the seventh straight decline for DraftKings, which had enjoyed a brief respite after hitting the 52-week low. As recently as March 1, shares reached $25.01.<\/p>\n

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If you sold #DKNG today, just be aware that my team and I are on a mission to make you regret that decision more than any other decision you\u2019ve ever made in your life,\u201d<\/strong> Robins tweeted just before 8 pm ET Tuesday night.<\/p>\n<\/blockquote>\n

The tweet comes a day after Argus analyst John Stazak moved his recommendation on DraftKings to \u201chold,\u201d<\/a> as he no longer considers it a target for buying.<\/p>\n

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If you sold #DKNG<\/a> today, just be aware that my team and I are on a mission to make you regret that decision more than any other decision you\u2019ve ever made in your life<\/p>\n

— Jason Robins (@JasonDRobins) March 9, 2022<\/a><\/p><\/blockquote>\n