Diamonds and Dogs
Regeneron Pharma (REGN) helping the President get better. The biotech is up 6% following news their antibody treatment is being administered to the President. The CEO for Regeneron made a statement saying his company is proud to help President Trump and glad he is feeling better. Regeneron was upgraded with a $690 price target.
DraftKings (DKNG) is down 7% after raising money and insider selling. The fantasy sports and online betting company will raise 32 million shares in a syndicated deal with half the shares being sold by insiders while the other half of the shares being sold by the company to raise money for general corporate purposes. The stock is still up 496% year to date. The company had a market value of over $22 billion on Friday, making it the second-largest U.S. gambling company behind only Las Vegas Sands.
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