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The latest announcement is out from Flutter Entertainment PLC ( (FLUT) ).
Flutter Entertainment PLC announced the acquisition and cancellation of a significant number of its own shares in a buyback program. This move, part of a larger $5 billion buyback initiative, reflects the company’s strategy to enhance shareholder value and optimize its capital structure. The buyback is expected to impact the company’s share count and potentially improve earnings per share, indicating a strong financial position and confidence in future growth prospects.
More about Flutter Entertainment PLC
Flutter Entertainment PLC is a global sports betting and gaming company, offering a wide range of products including sports betting, online casino, poker, and gaming. The company operates in various markets with a strong focus on regulated territories, providing services through its popular brands such as Paddy Power, Betfair, and FanDuel.
YTD Price Performance: 5.45%
Average Trading Volume: 156,010
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £38.91B
Learn more about FLUT stock on TipRanks’ Stock Analysis page.
