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IPFS News Link • Stock Market

DraftKings Insiders Dump $596 Million Of Stock On Unsuspecting Robinhood Daytraders

• https://www.zerohedge.com by Tyler Durden

It turns out, as more than 100,000 Robinhood daytraders panic bought DraftKings since its Nasdaq debut in April, soaring 237% in months - Liberman and other insiders dumped a whopping $596 million worth of shares.

On the pump, Liberman sold $31 million worth of stock, with about $15 million left. CEO Jason Robin sold $70 million worth of stock, while director Hany Nada liquidated $37 million. 

Clearly, by now, readers should understand the parabolic rise in DraftKings' shares was nothing more than a spectacular pump - as what comes next is likely the dump. 


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