DraftKings stock tumbles nearly 10.0% after alleged data breach

DraftKings (DKNG.US) stock plunged over 9.5% on Monday after some users of the sports betting company were hacked and funds were removed from their accounts.

Sports media company Action Network provided details of potential three DraftKings users who fell victims of hackers over the weekend, with all noticing unusual transactions, resulting in them alerting the company. Action Network confirmed that a DraftKings representative acknowledged the situation but could not immediately comment.

DraftKings (DKNG.US) stock bounced off the upper limit of the wedge formation which coincides with 200 SMA (red line) and 50 SMA (green line). If current sentiment prevails, a downward move may deepen towards support at $10.00, where the lower limit of the wedge formation and 2020 lows are located. Source: xStation5