Flutter Entertainment PLC ( (FLUT) ) just unveiled an update.
Flutter Entertainment PLC announced the acquisition and cancellation of a significant number of its ordinary shares as part of a share buyback program. This move is part of Flutter’s broader strategy to repurchase up to $5 billion of shares, which could potentially 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, providing a range of betting and gaming services. It is known for its focus on online and retail betting, with a significant presence in markets such as the United States and the United Kingdom.
YTD Price Performance: -10.16%
Average Trading Volume: 232,973
Technical Sentiment Signal: Sell
Current Market Cap: £33.02B
For a thorough assessment of FLUT stock, go to TipRanks’ Stock Analysis page.