CNBC analysts: DraftKings stock a good buying opportunity

Shares of DraftKings were up as much as 7% yesterday, “outpacing gains for the rest of the sports betting world,” but nevertheless, shares are "still about 35% from their 52-week high," according to CNBC’s Courtney Reagan. CNBC contributor Dan Nathan said there have been "four peak-to-trough declines of about 40% on average, and they’ve all been good buying opportunities." Nathan: "This is just a secular shift that’s happening with sports gambling. These guys are well positioned. They have a great brand; they have great partners; they seem to be focused on the right sports.” More Nathan: “When you have those sorts of opportunities, down 35, 45% or so in this game, that's where you enter the trade.” CNBC contributor Tim Seymour said DraftKings is a “growth story, and that’s the story you’re chasing” ( “Fast Money,” CNBC, 5/24).