What happened Shares of Score Media and Gaming (SCR) soared on Thursday after the sports betting company said it agreed to be acquired by casino giant Penn National Gaming (PENN -4.51%). As of 2:30 p.m. EDT, theScore's stock price was up a stunning 82%.
Who bought SCR stock in the last quarter?
SCR stock was bought by a variety of institutional investors in the last quarter, including TIG Advisors LLC, Magnetar Financial LLC, Alpine Associates Management Inc., Balyasny Asset Management LLC, Balyasny Asset Management LLC, Glazer Capital LLC, Tudor Investment Corp Et Al, and Millennium Management LLC.
Why did theScore (SCR) stock jump Yesterday?
theScore (TSXV:SCR) (NASDAQ:SCR) stock jumped yesterday. Here’s a closer look at its merger deal. Score Media and Gaming (TSXV:SCR) (NASDAQ:SCR) had a swift and astonishing rebound yesterday. After losing nearly roughly 64% of its value from February, theScore stock jumped 70% yesterday after an acquisition deal was announced.
How do I buy shares of SCR?
Shares of SCR and other Canadian stocks can be purchased through an online brokerage account.
Will SCR outperform or underperform the S&P 500 over the long term?
Vote “Outperform” if you believe SCR will outperform the S&P 500 over the long term. Vote “Underperform” if you believe SCR will underperform the S&P 500 over the long term. You may vote once every thirty days.
Who bought SCR to?
Shares of Score Media and Gaming, which operates theScore, closed up 79.9% Thursday after Penn National announced it's acquiring the company for $2 billion in cash and stock options.
Should I buy SCR stock?
The consensus among Wall Street equities research analysts is that investors should "hold" Score Media and Gaming stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SCR, but not buy additional shares or sell existing shares.
How high can SCR stock go?
Based on 1 Wall Street analysts offering 12 month price targets for Score Media and Gaming in the last 3 months. The average price target is C$46.92 with a high forecast of C$46.92 and a low forecast of C$46.92.
Is SCR a buy or sell?
Score Media and Gaming has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
What happens when a stock is delisted Wealthsimple?
The delisting of stock means that the company is no longer trading on major exchanges. It's important to note, though, investors will not experience any losses as their holdings. They'll remain unchanged except for one thing.
What happens to my score Media shares?
[+] Penn National Gaming will acquire Toronto-based Score Media and Gaming, which runs sports betting platform theScore, for $2 billion. Penn National, which announced the deal on Thursday, will pay Score Media shareholders $34 per share in a mix of stock and cash.
Should I sell the score stock?
A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.
What is Tscrf?
Score Media & Gaming Inc (TSCRF)
Who owns Thescore?
Penn National GamingScore Media and Gaming / Parent organizationPenn National Gaming, Inc. is an operator of casinos and racetracks based in Wyomissing, Pennsylvania. It operates 44 facilities in the United States and Canada, many of them under the Hollywood Casino brand. The company also owns a 36% stake in Barstool Sports. Wikipedia
Should I buy or sell Score Media and Gaming stock right now?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Score Media and Gaming in the last year. There are currently 2 hold rating...
What is Score Media and Gaming's stock price forecast for 2022?
2 analysts have issued 1 year price objectives for Score Media and Gaming's stock. Their forecasts range from $21.00 to $21.00. On average, they ex...
How were Score Media and Gaming's earnings last quarter?
Score Media and Gaming Inc. (NYSE:SCR) announced its quarterly earnings data on Monday, July, 12th. The healthcare company reported ($0.78) earning...
Who are Score Media and Gaming's key executives?
Score Media and Gaming's management team includes the following people: John S. Levy , Chairman & Chief Executive Officer Benjamin D. Levy , Pre...
Who are some of Score Media and Gaming's key competitors?
Some companies that are related to Score Media and Gaming include Malibu Boats (MBUU) , MasterCraft Boat (MCFT) , Marine Products (MPX) , Conra...
What other stocks do shareholders of Score Media and Gaming own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Score Media and Gaming investors own include Resideo Techn...
When did Score Media and Gaming IPO?
(SCR) raised $183 million in an IPO on Thursday, February 25th 2021. The company issued 5,000,000 shares at $36.52 per share. Morgan Stanley, Credi...
What is Score Media and Gaming's stock symbol?
Score Media and Gaming trades on the New York Stock Exchange (NYSE) under the ticker symbol "SCR."
What is Score Media and Gaming's stock price today?
One share of SCR stock can currently be purchased for approximately $35.58.
Should I buy or sell Score Media and Gaming stock right now?
3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Score Media and Gaming in the last year. There are curre...
What is Score Media and Gaming's stock price forecast for 2022?
3 analysts have issued 1-year price objectives for Score Media and Gaming's stock. Their forecasts range from C$38.00 to C$50.00. On average, they...
When did Score Media and Gaming's stock split? How did Score Media and Gaming's stock split work?
Score Media and Gaming's stock reverse split on Thursday, February 18th 2021. The 1-10 reverse split was announced on Friday, February 12th 2021. T...
Who are Score Media and Gaming's key executives?
Score Media and Gaming's management team includes the following people: Mr. John S. Levy , Founder, Chairman & CEO Mr. Benjamin David Levy , Pre...
Who are some of Score Media and Gaming's key competitors?
Some companies that are related to Score Media and Gaming include Codemasters Group (CDM) , Sumo Group (SUMO) , Team17 Group (TM17) , Devolver...
What is Score Media and Gaming's stock symbol?
Score Media and Gaming trades on the Toronto Stock Exchange (TSX) under the ticker symbol "SCR."
How do I buy shares of Score Media and Gaming?
Shares of SCR and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian...
How much money does Score Media and Gaming make?
Score Media and Gaming (TSE:SCR) has a market capitalization of C$0.00 and generates C$23.03 million in revenue each year.
How many employees does Score Media and Gaming have?
Score Media and Gaming employs 258 workers across the globe.
About Score Media and Gaming
Score Media & Gaming, Inc. engages in the development of mobile sports applications. Its media app theScore delivers personalized live scores, news, statistics, and betting information from teams, leagues, and players. The company's sports betting app theScore Bet delivers an immersive and holistic mobile sports betting experience.
Score Media and Gaming (NYSE:SCR) Frequently Asked Questions
3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Score Media and Gaming in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" Score Media and Gaming stock.
About Score Media and Gaming
Score Media and Gaming Inc. operates as a sports media company in North America.
Headlines
Sports betting laws open up in Canada today. Who’s taking new types of bets?
Score Media and Gaming (TSE:SCR) Frequently Asked Questions
3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Score Media and Gaming in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock.
Why SCR stock has fallen
On April 13, theScore stock fell more than 8 percent after hours. The decline followed the release of its earnings for the second quarter of fiscal 2021. The results disappointed investors and raised questions about SCR's stock forecast.
SCR's stock forecast
The lackluster earnings report has made investors more curious about theScore’s stock forecast. The company went into its earnings with the stock down more than 54 percent from its peak. Will the stock rebound or keep falling?
SCR is a good stock to buy
Right now, theScore’s long-term prospects look bright. Canada is in the process of legalizing single-event sports betting and Prime Minister Justin Trudeau supports it. Once legalized, Canada’s sports betting market could grow from $500 million now to $28 billion in five years.
theScore stock details
Pennsylvania-based casino giant Penn National Gaming reached out to theScore with a buyout offer yesterday. The deal is worth US$2 billion, or CA$2.5 billion — much higher than what theScore stock was worth just a few days ago.
Arbitrage
Arbitrage opportunities in merger and acquisition deals are not uncommon. However, most of these opportunities are small, rare, and fleeting.
Bottom line
Penn’s offer to buy Score Media and Gaming is the ideal rescue deal. It helps Penn gain access to the popular Score app and media assets, while bailing out Score stock investors who’ve been losing capital throughout the year.
