DraftKings Gains 3.9% Premarket on CPI Dip, Falls 10.6% After Q4 Miss
DraftKings rose 3.9% in premarket trading after January consumer-price inflation slowed to 2.4% year over year and core CPI eased to 2.5%, marking multi-month lows. Earlier, shares plunged 10.6% intraday following a fourth-quarter revenue and profit miss against analyst forecasts.
1. January CPI Undershoot Spurs Premarket Rally
Headline consumer-price inflation slowed to 2.4% year over year in January, down from 2.7% in December, while core CPI eased to 2.5%, the lowest readings since early 2025. This larger-than-expected cooling in price pressures prompted growth-sensitive names like DraftKings to climb 3.9% in premarket trading.
2. Q4 Results Miss Expectations, Shares Plunge
DraftKings’ fourth-quarter revenue and profit both fell short of analyst forecasts, driving shares down 10.6% intraday. The earnings miss and tempered forward outlook spurred a swift sell-off as investors adjusted their growth projections.