🟢 DKNG is trading 4.6% up, rebounding from a sell-off on tax and regulatory concerns

DKNG is trading 4.6% up at $24.91, recovering from a sharp decline on May 26. The rebound appears to be a technical bounce after yesterday's sell-off.

• The prior day's 5.2% drop was driven by investor concerns over rising sports-betting taxes in key states like Illinois, which could impact profitability.
• Increased scrutiny and regulatory uncertainty surrounding the emerging prediction markets also contributed to the negative sentiment on May 26.
• No new positive company-specific news has been reported today; the move is a recovery from the prior session's fundamentally-driven decline.