The latest announcement is out from Flutter Entertainment PLC ( (FLUT) ).
Flutter Entertainment PLC announced the acquisition and subsequent cancellation of its ordinary shares as part of a share buyback program, with the transactions executed through Goldman Sachs & Co. LLC. This buyback is part of a broader strategy to repurchase up to $5 billion of shares, aiming to enhance shareholder value and optimize the company’s capital structure.
More about Flutter Entertainment PLC
Flutter Entertainment PLC operates in the gambling and entertainment industry, offering a range of betting and gaming services. The company focuses on providing online and retail betting platforms, and it has a significant presence in various international markets.
YTD Price Performance: 5.12%
Average Trading Volume: 117,150
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £39.48B
For a thorough assessment of FLUT stock, go to TipRanks’ Stock Analysis page.