Cathie Wood Sells $14.9M Worth Of This Jim Cramer Pick, Loads Up On $5.7M Worth Of Robinhood Stock

Tuesday, 12 September 2023, 05:24:36
On Monday, Cathie Wood -led Ark Invest made significant trades, with the most notable being the sale of DraftKings Inc (NASDAQ: DKNG ) shares. This move comes amidst a backdrop of recent discussions about DraftKings’ position in the sports betting world and its competition with Penn Entertainment. The DraftKings Trade: Ark Invest sold a substantial 469,217 shares of DraftKings through ARK Innovation ETF (NYSE: ARKK ). The transaction was valued at $14.9 million, based on the stock’s closing price of $31.79 on Monday. This decision is intriguing, especially considering Wood’s recent comments on the company. In an exclusive interview on “The Raz Report,” Wood expressed satisfaction with DraftKings’ performance over the past years, even amidst stiff competition. She highlighted DraftKings’ diversification into areas like non-fungible tokens and believed that the company is in a strong position alongside FanDuel. Furthermore, Jim Cramer recently recommended buying DraftKings over Churchill Downs Incorporated.
— Benzinga

Churchill Downs Receives Downgrade in Stock Rating: A Look into the Company’s Financial Performance and Segments

Monday, 11 September 2023, 22:25:30
Churchill Downs (NASDAQ:CHDN), a prominent racing, online wagering, and gaming entertainment company in the United States, recently saw a downgrade in its stock rating. Stock analysts at StockNews.com lowered Churchill Downs’ rating from “hold” to “sell” in a report released on September 11, 2023. As trading commenced on Friday, shares of Churchill Downs opened at […] The post Churchill Downs Receives Downgrade in Stock Rating: A Look into the Company’s Financial Performance and Segments appeared first on Best Stocks .
— Best Stocks

Lightning Round: Verizon is dead money, says Jim Cramer

Saturday, 9 September 2023, 01:54:40
”Mad Money” host Jim Cramer weighs in on stocks including: American Electric Power, Verizon and Churchill Downs.
— CNBC

Churchill Downs closes on deal to absorb Exacta Systems

Tuesday, 22 August 2023, 15:46:05
Churchill Downs Incorporated (CHDN) announced it closed on the $250M deal to acquire Exacta Systems. Read more.
— Seeking Alpha

Churchill Downs: Moving Our Prior Bearish Outlook To A Buy Signal

Monday, 14 August 2023, 21:58:52
Churchill Downs Incorporated has been a top performer, with a strong capital strategy and successful acquisitions. Click here to read more on CHDN stock.
— Seeking Alpha