Flutter Entertainment Surges to 166th in Trading Volume with $484 Million Turnover

On June 6, 2025,
(FLUT) saw a significant increase in trading volume, with a turnover of $484 million, marking a 49.65% rise from the previous day. This surge placed at the 166th position in terms of trading volume for the day. The stock price of Flutter also rose by 2.86%.Flutter Entertainment has been actively engaged in a share buyback program, acquiring and canceling shares in the United States. This initiative is part of a broader $5 billion share repurchase strategy aimed at reducing the number of outstanding shares and potentially boosting the stock price. The company's broker, Goldman Sachs & Co. LLC, facilitated these transactions, which involved the acquisition of 1,227 ordinary shares at an average price of $244.477 per share. Following the completion of these transactions, Flutter will have 176,696,249 ordinary shares in issue.
Flutter Entertainment's share buyback program is part of a larger strategy announced in September 2024, which aims to repurchase $5 billion worth of shares. The recent acquisitions are in line with this strategy and form part of Flutter's intention to buy back up to $300 million in shares by the end of June 2025. The company's proactive approach to share repurchases is seen as a positive move by investors, as it demonstrates confidence in the company's financial health and future prospects.
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