Endeavor group's William Fullerton sells shares worth $214,293

In a recent transaction disclosed in a Securities and Exchange Commission filing, William K. Fullerton, Global Controller and Chief Accounting Officer at Endeavor Group Holdings, Inc. (NYSE:EDR), sold 6,875 shares of Class A Common Stock. The shares were sold at an average price of $31.17, totaling $214,293. This transaction occurred on January 6, 2025. The sale comes as EDR trades near its 52-week high of $31.49, with the $9.6 billion market cap company showing strong momentum. According to InvestingPro analysis, the stock is currently trading in overbought territory.

The filing also noted that the sale was made to cover taxes and fees related to the settlement of certain restricted stock unit awards. Following this transaction, Fullerton owns 53,255 shares directly. InvestingPro data shows EDR typically exhibits low price volatility, with the company maintaining a FAIR overall financial health score. Subscribers can access 6 additional ProTips and comprehensive analysis in the Pro Research Report.

Additionally, the filing reported an acquisition of 16,113 shares through the exercise of restricted stock units on January 2, 2025. These shares were acquired at no cost, in line with the terms of the award.

In other recent news, Endeavor Group Holdings has made several strategic financial moves. The entertainment company has expanded its loan agreement to $2.25 billion, providing additional leverage for its growth initiatives. Endeavor also refinanced its existing loans, establishing a new class of term loans totaling $2.75 billion and a refinanced revolving credit facility of $205 million.

The company is also making significant strides in asset management. Endeavor has sold its OpenBet and IMG Arena businesses to OB Global for approximately $450 million. In addition, it has initiated a strategic review that may result in the sale of several assets, including the Miami Open and Madrid Open tennis tournaments and the Frieze art platform.

Endeavor Group Holdings has also declared a quarterly cash dividend of approximately $27 million for its Class A common stockholders. Meanwhile, TKO Group Holdings has announced a $2 billion stock buyback plan and an agreement to purchase select sports assets from Endeavor Group Holdings for $3.25 billion. Both deals are pending regulatory approvals and closing conditions.

In a separate development, Endeavour Silver Corp (NYSE:EXK). has announced a $73 million share offering, intending to use the proceeds for general working capital and to advance the Pitarrilla Project. These are the recent developments in the financial activities of these companies.

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