DraftKings shares are trading lower Wednesday after NCAA President Charlie Baker announced he is working to ban college prop bets from all betting markets. Baker posted his intent to seek the banning of college prop bets in all betting markets in order to protect student-athletes and the integrity of the game. "This week we will be contacting officials across the country in states that still allow these bets and ask them to join Ohio, Vermont, Maryland and many others and remove college prop bets from all betting markets," Baker said in a statement on X.
BMO Capital analyst Ameet Thakkar initiated coverage on Array Technologies with a Market Perform rating and announced a price target of $16 on the stock last Friday. Array Technologies announced its new Hail Response System on Wednesday. The Hail Response System is a set of software features designed to autonomously protect solar assets from hail damage by leveraging advanced weather prediction algorithms to preemptively stow solar trackers approximately 30 minutes before a predicted hail event.