DraftKings is trading 4.21% down now at $24.23 as investors continue weighing its newly launched $600 million term loan and expanded $750 million revolving facility.
- Financing is intended partly to repurchase convertible notes due in 2028, but added debt raised near-term leverage concerns.
- Broader risk-off trading also pressured growth-oriented stocks, with the Nasdaq down 1.31% on August 18, 2026.