#dkngstockanalysis #dkngsstocknews #draftkingsstockreview #cathiewood
Following an intense Congressional hearing on Sunday, DraftKings CEO and co-founder Cathie Wood sold all of her company's stock, according to CNBC.
DraftKings has seen a surge in stock prices following a Congressional hearing on Sunday that focused on the company's legal and regulatory status. However, despite the stock increase, Wood sold all of her company's stock.
This decision comes as a surprise, as DraftKings had previously stated that it was "here to stay". Wood's decision to sell her stock suggests that she is worried about the company's future, and that Congress' hearings may cause long-term damage to DraftKings's reputation.
