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The latest update is out from Flutter Entertainment PLC ( (FLUT) ).
Flutter Entertainment PLC announced the redemption and cancellation of a portion of its ordinary shares as part of its ongoing share buyback program. This initiative, which aims to repurchase up to $300 million in shares by June 30, 2025, is part of a larger $5 billion buyback plan announced in 2024, reflecting the company’s strategy to enhance shareholder value and optimize its capital structure.
More about Flutter Entertainment PLC
Flutter Entertainment PLC operates in the gambling and entertainment industry, offering a range of products and services including sports betting, online gaming, and casino games. The company focuses on expanding its market presence globally, leveraging its diverse portfolio to cater to a broad audience.
YTD Price Performance: -16.41%
Average Trading Volume: 269,254
Technical Sentiment Signal: Sell
Current Market Cap: £30.61B
For a thorough assessment of FLUT stock, go to TipRanks’ Stock Analysis page.