Dexcom Rallies, DraftKings Plunges, Pinterest Tumbles on Weak Sales Projection

On this episode of Stock Movers:

- Dexcom (DXCM) shares rally after the medical device company reported revenue for the fourth quarter that met the average analyst estimate. William Blair notes the company has a “favorable setup for 20%-plus EPS growth with upside potential.”

- DraftKings (DKNG) shares plunge after the online betting company issued a 2026 forecast for sales and profit that fell short of Wall Street estimates, sending the stock tumbling by its largest intraday drop in nearly three-and-a-half years. The stocks of online betting companies including DraftKings and Flutter Entertainment Plc have fallen in recent months on investor concerns over the competitive threat posed by prediction markets.

- Pinterest (PINS) shares fell by the most in more than three years after the company projected current-quarter sales that fell short of Wall Street estimates, the latest in a rocky period marked by layoffs and a pivot toward artificial intelligence products. Pinterest cut hundreds of jobs in late January, citing a shift in priorities to focus more extensively on AI products.

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