ConfusedRead another article about the rumour of DraftKings acquiring SCR today. Mr. Market is not buying into the rumour as the stock is not moving. Mr. Market also doesn't care that 5M or so shares were recently bought for US $27 as the current SP is way below that. Never really witnessed the SP of any stock being so much lower that the recent offering for so long. Sure, some level of retracing is expected after such a run but to be down over 50 % is signalling something else is up.
Very confused as to why SCR is in the penalty box....unless Mr Market knows that the bill will not pass before an election is called. That is the only reason I can come up with.