The latest announcement is out from Flutter Entertainment PLC ( (FLUT) ).
Flutter Entertainment PLC announced the acquisition and cancellation of its ordinary shares as part of a share buyback program, aiming to repurchase up to $350 million worth of shares by March 31, 2025. This move is part of a larger $5 billion buyback initiative, indicating a strategic effort to enhance shareholder value and optimize 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 is known for its online and retail betting platforms, catering to a global market with a focus on regulated markets.
YTD Price Performance: -13.61%
Average Trading Volume: 121,422
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £31.7B
For detailed information about FLUT stock, go to TipRanks’ Stock Analysis page.