Why DraftKings Stock Rose 16% in January

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DraftKings (NASDAQ: DKNG) shareholders outperformed a declining market last month. Shares gained 16% in January compared to a 1% downtick in the S&P 500, according to data provided by S&P Global Market Intelligence.

That boost followed a bigger rally in 2020, with the sports betting stock jumping over 300% last year.

Image source: Getty Images.

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