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The Sports Index sports stock market and sports business news posted Friday after closing bell. Year-to-date performance chart for 12-index composite, individual indices, and related market sectors. Full list of charts in weekly newsletter and at STOCKS link
The Sports Index stock of the week: Genius Sports Ltd. Sports stock market benchmark
Data and integrity services provider Genius Sports Ltd. (GENI:NYSE) made two sports business deals this week. Foremost, it broadened its scope and diversity of offerings by agreeing to acquire Legend for $1.2 billion, according to iGaming Business. The acquisition would position Genius Sports as a "sports data, media and advertising" provider, placing it in a unique position to effect the market from multiple fronts. "Legend’s technology provides players with relevant sportsbooks, gaming products and advertisers when they’re most likely to bet," writes iGaming. In other news, Genius Sports expands BetVision for tennis in advance of Australian Open, per Simply Wall Street. Investors, however, responded by sending GENI shares plunging 27.52% during Thursday's trading session. GENI shares were trading ▼44.74% year-to-date as of Friday's close. Motley Fool explains "why Genius Sports stock just crashed today."
BULL-BEAR Leaderboard © by The Sports Index sports stock market sports business
BULL-BEAR Leaderboard © by The Sports Index sports stock market sports business
BULL-BEAR Leaderboard © tracking the top and bottom performers in each of our 12 proprietary stock market indices, plus peripherally-related casino gaming companies as well as exchange traded funds.
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