Flutter Entertainment PLC ( (FLUT) ) has provided an update.
Flutter Entertainment PLC announced the acquisition and cancellation of its own ordinary shares as part of a $300 million share buyback program, with the aim to repurchase up to $5 billion of shares by June 2025. This strategic move is expected to enhance shareholder value and strengthen the company’s market position.
More about Flutter Entertainment PLC
Flutter Entertainment PLC operates in the gambling and entertainment industry, providing a range of betting and gaming products and services. The company focuses on both online and retail platforms, catering to a global market with a strong presence in the UK, Ireland, and the US.
YTD Price Performance: -16.89%
Average Trading Volume: 252,903
Technical Sentiment Signal: Hold
Current Market Cap: £30.75B
Learn more about FLUT stock on TipRanks’ Stock Analysis page.