July 13, 2024

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Why Is EBET (EBET) Stock Up 25% Today?

Why Is EBET (EBET) Stock Up 25% Today?

EBET Stock. A person wearing a suit and tie holds a handful of dollar bills in the middle of a brightly lit sports stadium; representative of sports betting

Source: sutadimages / Shutterstock

EBET (NASDAQ:EBET) inventory is having off on Monday early morning adhering to insider getting and weighty trading quantity now.

The newest news on EBET inventory comes from a U.S. Securities and Trade Fee (SEC) filing on Friday. In that filing, the business noted Director Christopher Downs raising his stake in the corporation.

This saw Downs acquiring 6,300 shares of EBET inventory. There’s no purchase price tag for these shares as the director converted limited inventory models to attain these shares. When the submitting is from Friday, the conversion took put on Thursday.

Adhering to this information, traders are observing significant trading of EBET inventory these days. As of this composing, extra than 5 million shares have improved hands. That is a key soar from the daily normal buying and selling volume of about 2.2 million shares.

What Else Is Moving EBET Inventory

Traders will also retain in intellect that EBET’s primary business is gambling. The enterprise delivers betting at casinos, as properly as sports wagering. That’s well worth noting as we just came out of Super Bowl weekend. It’s likely Tremendous Bowl LVII taking put on Sunday greater desire in the athletics betting organization, which would support describe the improve in buying and selling volume this morning.

EBET stock is up 24.5% as of Monday morning.

Investors hunting for more of the newest stock current market information will want to keep looking at!

InvestorPlace is residence to all of the best stock industry coverage traders need to have to know about on Monday! That features the most significant pre-current market inventory movers this morning as well as what is going on with sports betting and Lyft (NASDAQ:LYFT) inventory. All that news is ready to go at the hyperlinks underneath!

Additional Monday Stock Sector News

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Read through Additional:Penny Shares — How to Gain Without having Finding Scammed

On the date of publication, William White did not maintain (both straight or indirectly) any positions in the securities pointed out in this short article. The viewpoints expressed in this report are those of the writer, issue to the InvestorPlace.com Publishing Rules.