• Image 01
  • Image 02
  • Image 03
  • Image 04
  • Image 05
  • Image 06
Need assistance? Contact Us: 1-800-255-5897

Menu

  • Home
  • About Us
    • Company Overview
    • Management Team
    • Board of Directors
  • Your Loan Service Center
  • MAKE A PAYMENT
  • Business Service Center
  • Contact Us
  • Home
  • About Us
    • Company Overview
    • Management Team
    • Board of Directors
  • Your Loan Service Center
  • MAKE A PAYMENT
  • Business Service Center
  • Contact Us
Recent Quotes
View Full List
My Watchlist
Create Watchlist
Indicators
DJI
Nasdaq Composite
SPX
Gold
Crude Oil
Markets
Stocks
ETFs
Tools
Markets:
Overview
News
Currencies
International
Treasuries

DraftKings, Teladoc, Rush Street Interactive, Moderna, and Avis Budget Group Shares Are Soaring, What You Need To Know

By: StockStory
June 06, 2025 at 16:44 PM EDT

DKNG Cover Image

What Happened?

A number of stocks jumped in the afternoon session after the major indices rebounded, as the Bureau of Labor Statistics report revealed a resilient labor market with non-farm payrolls rising by 139,000 in May 2025, significantly above the consensus forecast of 125,000. 

Notably, a stable labor market often supports consumer spending, which is a key driver of economic growth, which means the report could help ease some of the recession fears that gripped markets. The data also supports the soft landing narrative, where the Fed can manage inflation toward its 2% target without significant damage to the economy.

The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.

Among others, the following stocks were impacted:

  • Gaming Solutions company DraftKings (NASDAQ: DKNG) jumped 6.2%. Is now the time to buy DraftKings? Access our full analysis report here, it’s free.
  • Online Marketplace company Teladoc (NYSE: TDOC) jumped 5.7%. Is now the time to buy Teladoc? Access our full analysis report here, it’s free.
  • Gaming Solutions company Rush Street Interactive (NYSE: RSI) jumped 5.9%. Is now the time to buy Rush Street Interactive? Access our full analysis report here, it’s free.
  • Therapeutics company Moderna (NASDAQ: MRNA) jumped 5.1%. Is now the time to buy Moderna? Access our full analysis report here, it’s free.
  • Ground Transportation company Avis Budget Group (NASDAQ: CAR) jumped 5.8%. Is now the time to buy Avis Budget Group? Access our full analysis report here, it’s free.

Zooming In On DraftKings (DKNG)

DraftKings’s shares are very volatile and have had 20 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The previous big move we wrote about was 4 days ago when the stock dropped 7% on the news that the state of Illinois announced new legislation that introduces additional fees for online sports betting operators. The new fee structure is expected to significantly increase the tax rate for major players like DraftKings in Illinois, potentially reducing their profitability.

DraftKings is down 1.4% since the beginning of the year, and at $35.79 per share, it is trading 33.1% below its 52-week high of $53.49 from February 2025. Investors who bought $1,000 worth of DraftKings’s shares 5 years ago would now be looking at an investment worth $941.84.

Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.

More News

View More
GE Vernova's Q2 Electrifies Stock, What's Next For This Top Name?
Today 17:05 EDT
Via MarketBeat
Tickers GE GEV PLTR
From Zero to Hero? Why GoPro's Rally Could Be More Than It Seems
Today 16:49 EDT
Via MarketBeat
Tickers FOXF GPRO
Krispy Kreme: A Meme Stock Sugar Rush or a Sustainable Treat?
Today 16:42 EDT
Via MarketBeat
Tickers DNUT MS
A Smokin’ Hot Entry Point for Chipotle Stock Opens in Q3
Today 16:10 EDT
Via MarketBeat
Tickers CMG
Top Stocks Powering the Fourth Industrial Revolution
Today 16:03 EDT
Via MarketBeat
Topics Artificial Intelligence Economy
Tickers AAPL AMD ASTS META
Site Logo
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.

Having difficulty making your payments? We're here to help! Call 1-800-255-5897

Copyright © 2019 Franklin Credit Management Corporation
All Rights Reserved
Contact Us | Privacy Policy | Terms of Use | Sitemap