Everi Holdings (EVRI) Soars 1.01% on Acquisition News

Everi Holdings (EVRI) shares surged 1.01% today, marking the sixth consecutive day of gains, with a total increase of 1.89% over the past six days. The stock price reached its highest level since September 2023, with an intraday gain of 1.37%.

Everi Holdings recently released preliminary financial estimates for the first quarter of 2025. The company projected revenue to be between $176 million and $186 million, with adjusted EBITDA ranging from $66 million to $72 million. While these figures indicate improved cash flow, the overall financial performance appears to have declined, which could influence investor sentiment and potentially impact the stock price.

In addition to financial results, Everi Holdings is involved in a significant corporate acquisition. The company, along with IGT's Gaming & Digital business, is set to be acquired by a new holding company. This strategic move could alter the company's direction and financial structure, potentially affecting the stock price as investors assess the long-term implications of the acquisition.

On April 29, 2025, Everi Holdings announced a trading halt with news pending. This halt may introduce uncertainty and increase stock price volatility as investors await further information. The halt could be a response to the ongoing acquisition process or other significant developments within the company, adding to the overall market speculation surrounding Everi Holdings.