The latest announcement is out from Flutter Entertainment PLC ( (FLUT) ).
Flutter Entertainment PLC announced the acquisition and subsequent cancellation of a significant number of its ordinary shares as part of its ongoing share buyback program. This move is part of a broader strategy to repurchase up to $5 billion worth of shares, aiming 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 innovation and customer engagement.
YTD Price Performance: -22.37%
Average Trading Volume: 249,186
Technical Sentiment Signal: Buy
Current Market Cap: £28.35B
Learn more about FLUT stock on TipRanks’ Stock Analysis page.