Shares of DraftKings Inc. DKNG, -3.03% shed 3.03% to $13.14 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the NASDAQ Composite Index COMP, -0.85% falling 0.85% to 10,680.51 and Dow Jones Industrial Average DJIA, -0.33% falling 0.33% to 30,423.81. The stock’s fall snapped a two-day winning streak. DraftKings Inc. closed $37.34 below its 52-week high ($50.48), which the company reached on October 26th.
The stock underperformed when compared to some of its competitors Wednesday, as Las Vegas Sands Corp. LVS, -0.70% fell 0.70% to $35.60 and MGM Resorts International MGM, -0.34% fell 0.34% to $32.46. Trading volume (13.4 M) remained 7.3 million below its 50-day average volume of 20.7 M.