11 Stocks Failing to Keep up With The Market

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8. Genius Sports Limited (NYSE:GENI)

Genius Sports fell by 7.82 percent on Tuesday to finish at $12.38 apiece as investors sold off positions following Kalshi’s launch of a parlay product, just ahead of two football matchups.

Genius Sports Limited (NYSE:GENI) fell alongside its sports-betting counterparts after Kalshi launched its own “build your combo” feature, which allows users to pair multiple contracts with a game.

Further dampening sentiment was that 90 percent of Kalshi’s betting volume comes from sports contracts.

The product was unveiled ahead of the dual football matchups on Monday night, between the Dolphins and the Jets, and the Bengals and the Broncos.

Commenting on the drop, Texas Capital Securities analyst David Bain said that investors should look at the decline as a buying opportunity for online gaming-related stocks.

Amid all the buzz, Bain said that Genius Sports Limited (NYSE:GENI) is the clear winner across the sector as it benefits from market expansion of any kind.

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