tiprankstipranks
Trending News
More News >

Light & Wonder Increases CDIs on ASX in April

Story Highlights
Light & Wonder Increases CDIs on ASX in April

Confident Investing Starts Here:

Light & Wonder ( (LNW) ) just unveiled an announcement.

On May 6, 2025, Light & Wonder, Inc. announced the submission of a Statement of CHESS Depositary Interests on Issue to the Australian Securities Exchange. The statement revealed a net increase of 5,380,921 CDIs quoted on ASX for April 2025, attributed to net transfers between CDIs and common stock, while the common stock saw a decrease due to share repurchases and other adjustments.

Spark’s Take on LNW Stock

According to Spark, TipRanks’ AI Analyst, LNW is a Neutral.

Light & Wonder is on a positive trajectory with strong revenue growth, profitability, and strategic acquisitions supporting future growth. However, the stock faces challenges with a stretched valuation and some technical weaknesses. The acquisition of Grover Gaming assets is a significant positive, enhancing its market position and growth prospects. Overall, while the company’s strengths in financial performance and strategic direction are clear, investors should be cautious of the premium valuation and market momentum indicators.

To see Spark’s full report on LNW stock, click here.

More about Light & Wonder

Average Trading Volume: 977,380

Technical Sentiment Signal: Hold

Current Market Cap: $7.96B

Find detailed analytics on LNW stock on TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App