DraftKings Slumps Despite Boosting 2022 GuidanceWritten by: Todd Shriber

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DraftKings (NASDAQ:DKNG) is extending its lengthy slide Friday even after the online sportsbook operator posted first-quarter results that beat estimates and lifted its 2022 revenue outlook. In midday trading, the shares are off 6.1%, extending the one-month slide to 24.2%. The gaming stock shed 72.17% of its value over the past year. The ongoing weakness
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