Flutter Entertainment PLC ( (FLUT) ) has provided an update.
Flutter Entertainment PLC announced the acquisition and subsequent cancellation of its ordinary shares as part of a larger share buyback program. This move is part of Flutter’s strategy to buy back up to $5 billion of shares, aiming to optimize capital structure and enhance shareholder value, reflecting confidence in its financial position and future growth prospects.
More about Flutter Entertainment PLC
Flutter Entertainment PLC operates in the gambling and entertainment industry, providing 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 enhancing customer experience and expanding its digital offerings.
YTD Price Performance: -12.36%
Average Trading Volume: 116,897
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £32.41B
See more data about FLUT stock on TipRanks’ Stock Analysis page.