Flutter Entertainment Stock Rises On Share Buyback Update, Analyst Coverage: Retail Remains Cautious

Shares of online gaming and sports betting company Flutter Entertainment ($FLUT) have increased nearly 2.8% in the past five days following a regulatory update about its ongoing share buyback program and initiation of analyst coverage but retail sentiment has remained cautious. According to a company’s regulatory filing, Flutter has made a series of redemptions that are part of Flutter’s plan to buy back ordinary shares of up to $350 million in…