Why Rush Street Interactive Shares Are Moving Higher Again Today

Rush Street Interactive Inc RSI is trading higher Thursday on above-average volume as investors focus on trader Will Meade's commentary on the stock via Twitter Inc TWTR.

The average session volume is about 1.5 million over a 100-day period. The daily trading volume had already exceeded 5 million at publication time. 

Meade highlighted a Sept. 15 Action Network article suggesting Fanatics is expected to close on a deal to buy a sportsbook operation. "Sources say RSI is in the lead for the rights to ESPN’s name in gambling," the article states.

Meade thinks Rush Street Interactive would be worth $24 or $25 per share on a buyout and $40 per share if it gets the ESPN deal. 

Rush Street Interactive Inc is an online gaming and entertainment company that focuses primarily on online casino and online sports betting in the U.S. and Latin American markets.

RSI Price Action: Rush Street Interactive has traded as high as $26.55 and as low as $9.47 over a 52-week period.

The stock was up 9.3% at $18.38 at time of publication.

Photo: Henryk Niestrój from Pixabay.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Newswhy it's movingWill Meade
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!