Entain (OTCMKTS:GMVHY) Shares Gap Up – Here’s Why

Entain Plc (OTCMKTS:GMVHY) gapped up prior to trading on Tuesday. The stock had previously closed at $5.62, but opened at $5.91. Entain shares last traded at $5.88, with a volume of 8,642 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Zacks Research upgraded shares of Entain to a “hold” rating in a research note on Wednesday, August 19th. Kepler Capital Markets raised Entain from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 1st. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy”.

Entain Trading Up 5.0%

The stock has a fifty day moving average of $6.62 and a two-hundred day moving average of $7.15.

About Entain

Entain plc is an international sports-betting and gaming company operating primarily through online platforms and retail betting locations. The company offers sports wagering, casino games, poker, bingo and other interactive gaming products through a portfolio of consumer brands.

Its brands have included bwin, Coral, Ladbrokes, PartyPoker and Sportingbet. Entain also operates BetMGM, a sports-betting and iGaming business formed through a joint venture with MGM Resorts International. The company serves customers across multiple regulated markets, including the United Kingdom, Europe, Australia and selected markets in the Americas.

Entain was formerly known as GVC Holdings and adopted the Entain name in 2020 as part of a broader repositioning of the business.