The latest update is out from Flutter Entertainment PLC ( (FLUT) ).
Flutter Entertainment PLC announced the acquisition and cancellation of its ordinary shares as part of a significant share buyback program. This initiative, involving the redemption of shares through Goldman Sachs, is part of Flutter’s broader strategy to repurchase up to $5 billion in shares, indicating a strong commitment to enhancing shareholder value and optimizing capital structure.
More about Flutter Entertainment PLC
Flutter Entertainment PLC is a global sports betting, gaming, and entertainment provider. The company operates various well-known brands and platforms, focusing on delivering engaging and responsible gaming experiences to a diverse market.
YTD Price Performance: -11.41%
Average Trading Volume: 108,712
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £31.92B
See more data about FLUT stock on TipRanks’ Stock Analysis page.