Golden Nugget stock is down year-to-date (YTD) by nearly 12% — or by $2.20 — to $17.50 as of the close of Oct. 18. However, by the time the deal closes in the first quarter of 2022, investors in GNOG stock will only have a loss of $1.95 for the year, or negative 9.9%.
Similarly What happens to my GNOG shares? Under the terms of the merger agreement entered into on August 9, 2021 (the “Merger Agreement”), Golden Nugget Online Gaming stockholders would receive a fixed ratio of 0.365 shares of New DraftKings’ Class A Common Stock for each Common Share of Golden Nugget Online Gaming they hold on the record date (the “Exchange …
Will GNOG become DraftKings? DraftKings and GNOG will become wholly owned subsidiaries of New Duke Holdco, which will be renamed DraftKings Inc. immediately following the completion of the mergers. The MGC’s decision approves one of the means by which DraftKings and GNOG plan to implement the transactions under their merger agreement.
Additionally, Will Golden Nugget stock go up?
Stock Price Forecast
The 1 analysts offering 12-month price forecasts for Golden Nugget Online Gaming Inc have a median target of 18.83, with a high estimate of 18.83 and a low estimate of 18.83. The median estimate represents a +205.68% increase from the last price of 6.16.
Is Golden Nugget online gaming a good stock to buy?
There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should « hold » Golden Nugget Online Gaming stock.
Will GNOG stock go up? Stock Price Forecast
The 1 analysts offering 12-month price forecasts for Golden Nugget Online Gaming Inc have a median target of 18.83, with a high estimate of 18.83 and a low estimate of 18.83. The median estimate represents a +212.79% increase from the last price of 6.02.
Is GNOG a hold? Out of 3 analysts, 1 (33.33%) are recommending GNOG as a Strong Buy, 0 (0%) are recommending GNOG as a Buy, 2 (66.67%) are recommending GNOG as a Hold, 0 (0%) are recommending GNOG as a Sell, and 0 (0%) are recommending GNOG as a Strong Sell.
What happens to GNOG stock after merger? The business started trading on the Nasdaq on 16 October 2020, meaning that it must complete a merger by 16 October 2022 or it will cease trading and redeem all of its shares.
Is DraftKings still buying Golden Nugget?
US daily fantasy and betting giant DraftKings has entered into a definitive agreement to buy online gambling firm Golden Nugget Online Gaming (GNOG) in a deal worth approximately US$1.56 billion. The all-stock transaction is expected to close in the first quarter of 2022, subject to approval of GNOG stockholders.
Who bought out DraftKings? On November 18, 2016, DraftKings and FanDuel announced an intent to merge. The combined company would serve over 5 million users.
Is Golden Nugget a good investment?
The analyst said he viewed Golden Nugget « as a compelling investment as its 2020 performance in the nascent, competitive NJ market (revenue of $91.1 million and Ebitda of $28.9 million) provides a framework for the future. »
What is Golden Nugget stock? 6.86 Day Range 7.23. 5.48 52 Week Range 23.24.
What is Golden Nugget stock symbol?
(« Golden Nugget ») (Nasdaq:GNOG) on behalf of the company’s stockholders.
Who is buying Golden Nugget?
DraftKings buys Golden Nugget Online Gaming for US$1.56bn.
Should I Buy Golden Nugget Online Gaming stock? There are currently 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should « hold » Golden Nugget Online Gaming stock.
How much is Golden Nugget stock? $ 5.95
| Close | Chg | Chg % |
|---|---|---|
| $6.00 | -0.11 | -1.80% |
Should I invest in Golden Nugget?
The consensus among Wall Street equities research analysts is that investors should « hold » Golden Nugget Online Gaming stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GNOG, but not buy additional shares or sell existing shares.
Who is Golden Nugget merging with? DraftKings reached an agreement to acquire Golden Nugget Gaming ($GNOG) in August 2021 for $1.56 billion in an all-stock deal. The agreement was announced in early August 2021 and is expected to close in early 2022.
What is Golden Nugget stock symbol?
Stock Quote (U.S.: Nasdaq) | MarketWatch.
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$ 6.91.
| Close | Chg | Chg % |
|---|---|---|
| $6.97 | -0.14 | -1.97% |
When did DKNG go public? These are the first open-market purchases of stock by insiders since DraftKings went public in early 2020 through a special-purpose acquisition company. DraftKings (ticker: DKNG) stock has slipped 23% so far this year, setting a new 52-week intraday low of $34.42 just last week.
