Benzinga | Sep 20, 2021 02:34PM EDT

Why DraftKings Shares Are Falling

Draftkings Inc (NASDAQ:DKNG) shares are trading lower by 6.3% at $56.62 amid overall market weakness as stocks across sectors fall on COVID-19 concerns and China volatility. Investors also await the Feds two-day meeting beginning on Tuesday.

DraftKings is a digital sports entertainment and gaming company. The company provides users with daily fantasy sports (DFS), sports betting, and iGaming opportunities and is also involved in the design & development of sports betting and casino gaming platform software for online and retail sportsbook and casino gaming products.

DraftKings has a 52-week high of $74.38 and a 52-week low of $34.90.