Entain's stock plunges 11.1% amid insider sale and lowered price target despite a "buy" rating.

Entain, a major sports betting and gaming company, saw its stock drop 11.1% to GBX 660 ($8.16). Despite a "buy" rating from Jefferies Financial Group, Berenberg Bank lowered its price target and rated the stock 'neutral'. The decline may be linked to an insider sale by Ricky Sandler, who sold 4.3 million shares. Entain has a debt-to-equity ratio of 154.96 and operates numerous gaming and betting brands.

5 weeks ago
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