Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Flutter Entertainment PLC ( (FLUT) ) has shared an update.
Flutter Entertainment PLC has announced a significant buyback of its ordinary shares, acquiring them through Goldman Sachs & Co. LLC in the United States. This move is part of a larger share repurchase program aiming to buy back $5 billion worth of shares, initially announced in September 2024. The recent acquisition, amounting to several thousand shares across various trading venues, marks a strategic step in the company’s financial strategy to enhance shareholder value and optimize capital structure.
More about Flutter Entertainment PLC
Flutter Entertainment PLC operates in the global sports betting and gaming industry, offering a variety of online and retail gambling products and services. The company is known for its strong market presence across multiple regions, including the United States and Europe.
YTD Price Performance: -1.50%
Average Trading Volume: 161,847
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £36.73B
Learn more about FLUT stock on TipRanks’ Stock Analysis page.