An announcement from Flutter Entertainment PLC ( (FLUT) ) is now available.
Flutter Entertainment PLC announced the acquisition and cancellation of a significant number of its ordinary shares as part of its ongoing share buyback program, intending to repurchase up to $350 million worth of shares by March 31, 2025. This move is part of a broader plan to buy back $5 billion in shares, likely aiming to enhance shareholder value and optimize capital structure.
More about Flutter Entertainment PLC
Flutter Entertainment PLC operates in the gambling industry, offering a range of products and services including sports betting, online casino games, and poker. It is focused on both the United States and international markets.
YTD Price Performance: 1.40%
Average Trading Volume: 163,207
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £38.15B
See more insights into FLUT stock on TipRanks’ Stock Analysis page.