Barring any new filings that emerge in the days ahead, DraftKings (NASDAQ: DKNG) insiders appear to have sold nearly $206 million worth of the gaming company’s shares in 2024 as the stock notched a market-lagging performance. DraftKings founders (from left) Paul Liberman, Jason Robins and Matthew Kalish seen in Boston in 2015. Insiders at the company dumped nearly $206 million worth of stock this year. (Image: Boston Globe) Following December sales by Chief Legal Officer R. Stanton Dodge and co-founder Paul Liberman totaling more than $30 million, DraftKings insiders dumped $205.54 million of the gaming company’s equity in 2024, according to MarketBeat data, extending a trend decried by retail investors. Adding to market participants disdain for insider selling at DraftKings is the fact that high-ranking executives at the sportsbook operator aren’t buying any stock. Of the 20 insider transactions this year listed by MarketBeat, including those by co-founders Liberman and CEO Jason Robins — all are sales and none are… Read More
Category: Financial, Sports Betting, sports betting
Source: Casino.org
