Flutter Entertainment PLC ( (FLUT) ) has issued an announcement.
Flutter Entertainment PLC announced the acquisition and subsequent cancellation of a number of its ordinary shares in the United States as part of its ongoing share buyback program. This move is part of Flutter’s broader strategy to buy back up to $5 billion of shares, aiming to enhance shareholder value and strengthen its financial position. The transactions were conducted through its broker, Goldman Sachs & Co. LLC, and are in line with regulatory requirements, reflecting Flutter’s commitment to maintaining compliance and transparency in its financial operations.
More about Flutter Entertainment PLC
Flutter Entertainment PLC is a global sports betting and gaming company that operates in the online gambling industry. The company offers a range of products and services including sports betting, gaming, and entertainment, with a focus on expanding its market presence in the United States and other key regions.
YTD Price Performance: -15.42%
Average Trading Volume: 270,170
Technical Sentiment Signal: Sell
Current Market Cap: £30.3B
Learn more about FLUT stock on TipRanks’ Stock Analysis page.