After the Entain offer, we're starting to see some cracks in the company's acquisition strategy and the stock is falling as a result. If the drop continues, it may not be able to close the Golden Nugget Online Gaming transaction -- which can be rejected by Golden Nugget Online Gaming shareholders -- and the Entain deal could be in question.
Full Answer
Is Golden Nugget's stock at risk of breaking support?
On the downside, the stock finds support just below today's level from accumulated volume at $7. 15 and $6. 78. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Golden Nugget Online Gaming, Inc.
Is Golden Nugget stock sinking on rumors of IPO?
It may be too early to tell. For now, there is no confirmation of the Golden Nugget IPO news. Without a final decision from Fertitta, it looks like LCA stock is simply sinking on rumors. Keep a close eye on the news, and wait for more golden information.
Why is Golden Nugget online gaming stock so popular?
Golden Nugget Online Gaming and a variety of companies have sprung up to make online betting happen. Additionally, with casinos closed due to the novel coronavirus, the market is hotter than ever. That is why LCA stock has been so popular. When the reverse merger closes, Golden Nugget Online Gaming will start trading under the ticker GNOG.
Why is Golden Nugget (LCA) stock so popular?
Golden Nugget Online Gaming and a variety of companies have sprung up to make online betting happen. Additionally, with casinos closed due to the novel coronavirus, the market is hotter than ever. That is why LCA stock has been so popular.
Is Golden Nugget stock a good buy?
Golden Nugget Online Gaming has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.
Is GNOG a buy now?
Analysts like Golden Nugget Online Gaming stock less than the stock of other Consumer Discretionary companies. The consensus rating for Golden Nugget Online Gaming is Hold while the average consensus rating for consumer discretionary companies is Buy. Learn more on how GNOG compares to other companies.
What is the forecast for GNOG?
GNOG Stock Trend Given the current short-term trend, the stock is expected to fall -18.86% during the next 3 months and, with a 90% probability hold a price between $3.43 and $5.25 at the end of this 3-month period.
Is DraftKings buying Golden Nugget?
BOSTON, May 05, 2022 (GLOBE NEWSWIRE) -- DraftKings Inc. (Nasdaq: DKNG) today announced the completion of its acquisition of Golden Nugget Online Gaming, Inc. (“Golden Nugget Online Gaming” or “GNOG”) (the “GNOG Acquisition”).
What is APXT stock?
(“Apex” or “the Company”) ( NASDAQ: APXT), a publicly traded special purpose acquisition company, encourages every stockholder to vote their shares in favor of... Apex Technology Acquisition Corp. (NASDAQ: APXT, “Apex”), a publicly-traded special purpose acquisition company, and AvePoint, Inc.
How high will DKNG stock go?
Stock Price Forecast The 27 analysts offering 12-month price forecasts for DraftKings Inc have a median target of 25.00, with a high estimate of 60.00 and a low estimate of 13.00. The median estimate represents a +96.39% increase from the last price of 12.73.
Did Golden Nugget get sold?
The acquisition of Tilman Feritta's Golden Nugget Online Gaming, Inc. (Nasdaq: GNOG) by digital sports entertainment and gaming company DraftKings Inc. (Nasdaq: DKNG) is complete.
Who owns Golden Nugget?
Fertitta Entertainment, LLCLandry'sGolden Nugget Hotel & Casinos/Parent organizations
Who bought Golden Nugget?
DraftKingsDraftKings purchase of Golden Nugget Online Gaming nears completion. Sports betting giant DraftKings expects to close its $1.56 billion acquisition of Tilman Fertitta's Golden Nugget Online Gaming by the end of next month, but it's unclear when the company will operate retail and online sportsbooks in Nevada.