DraftKings is trading 4.2% up now at $25.05 after Kenneth Dart’s investment vehicle, Candle Lake Ltd., disclosed ownership of 28.58 million shares, representing 5.8% of outstanding shares.
- The filing identifies Dart as a significant new shareholder.
- The disclosure appears to be the principal company-specific catalyst for the August 19, 2026 move.
- Broader risk appetite and consumer-discretionary strength are providing additional support.