Flutter Entertainment Slumps to 203rd in Trading Volume with $401 Million in Shares Traded

Generated by AI AgentAinvest Market Brief
Friday, May 9, 2025 7:56 pm ET1min read
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On May 9, 2025, Flutter EntertainmentFLUT-- (FLUT) experienced a significant decline in trading volume, with a total of $401 million in shares traded, marking a 63.61% decrease from the previous day. This placed FlutterFLUT-- at the 203rd position in terms of trading volume for the day. The stock price of Flutter also decreased by 2.79%, marking the fourth consecutive day of decline, with a total decrease of 5.93% over the past four days.

Flutter Entertainment has recently advanced its share buyback program, which is part of a broader strategy to repurchase up to $5 billion in shares. This initiative underscores the company's dedication to returning value to its shareholders.

The multi-year share repurchase program, announced in September 2024, aims to repurchase up to $5 billion in total. The latest tranche of this program, beginning from July 1, 2025, involves the repurchase of up to $225 million in shares. This buyback is expected to conclude by September 30, 2025, and is part of Flutter's plan to return approximately $1 billion to shareholders through this program in 2025.

Flutter Entertainment's aggressive capital management strategy is evident in its recent share buyback announcements. The company's commitment to returning value to shareholders is reflected in its ongoing share repurchase program, which has seen significant allocations in the first quarter of 2025.

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