Endeavor Group Holdings Inc ( (EDR) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Endeavor Group Holdings Inc’s stock took a notable hit, driven by investor concerns following the company’s recent financial disclosures and strategic decisions. The stock fell by 11.8% to $28.75 after revealing its 2024 financial results and a Q4 EPS of 64 cents. The completion of an asset disposition to TKO and a downgrade from Seaport Research from Neutral to Sell further fueled bearish market sentiment, as indicated by heavy put volume.
More about Endeavor Group Holdings Inc
YTD Price Performance: 4.36%
Average Trading Volume: 1,710,523
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $22.72B
For further insights into EDR stock on TipRanks’ Stock Analysis page.
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