Flutter Entertainment PLC (FLUT) has released an update.
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Flutter Entertainment PLC has repurchased a total of 14,071 of its own shares through its broker Goldman Sachs, as part of a larger $350 million share buyback program set to run until March 2025. This move is part of Flutter’s strategy to repurchase up to $5 billion in shares, following a prior September announcement. By reducing the number of shares in circulation, Flutter aims to enhance shareholder value and stabilize its stock price.
For further insights into FLUT stock, check out TipRanks’ Stock Analysis page.