Why Did Codere Online Soar 24.52%? Institutional Buying Spree
1min read On May 5, 2025, Codere Online surged 24.52% in pre-market trading, marking a significant rise in its stock value.
Geode Capital Management LLC has increased its stake in Codere Online Luxembourg, S.A. by 25.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm now owns 13,600 shares of the company’s stock after purchasing an additional 2,723 shares during the period.
Several other institutional investors and hedge funds have also made adjustments to their stakes in Codere Online Luxembourg. FNY Investment Advisers LLC grew its stake by 194.9% in the fourth quarter, now owning 368,177 shares worth $2,374,000. Exchange Traded Concepts LLC bought a new position in shares of Codere Online Luxembourg during the fourth quarter worth $364,000. Diametric Capital LP increased its stake by 183.3% during the fourth quarter, now owning 38,743 shares valued at $250,000. Raymond James Financial Inc. also purchased a new position in shares of Codere Online Luxembourg during the fourth quarter valued at $64,000.
Codere Online Luxembourg, S.A. operates as an online casino gaming and sports betting company, offering a range of online casino wagering products and services under the Codere and Greenplay brand names. The company primarily operates in Spain, Italy, Mexico, Colombia, the United Kingdom, Germany, South Africa, Austria, Malta, Panama, and Argentina.
Ask Aime: Why did Codere Online surge 24% in pre-market trading?
