Stock Market Today, Aug. 7: DraftKings Surges 8% on Prediction-Market Growth After Q2 Results
DraftKings (NASDAQ:DKNG) shares closed at $24.03, up 8.39%, after Q2 results drew focus on prediction-market and customer-activity growth despite sales down 5%. Sports consumer volume rose 15%, monthly unique payers increased 9%, and annualized prediction volumes quintupled from April to July. The company maintained 2026 guidance and targets $1B adjusted EBITDA in 2024.





