US stock futures flounder amid tech weakness, Fed caution
In a recent transaction, Robert J. Stubblefield, the Chief Financial Officer of Lottery.com Inc. (NASDAQ:LTRY), sold shares totaling approximately $24,020. The sales took place on February 26, 2025, and involved a combined total of 15,000 shares of common stock. The shares were sold at prices ranging from $1.60 to $1.62 per share. The transaction comes as LTRY, currently valued at $17 million in market capitalization, has shown significant price momentum with an 88% gain over the past six months.
Following these transactions, Stubblefield retains ownership of 250,000 shares in the company. These moves come as part of regular financial activities disclosed to the Securities and Exchange Commission. InvestingPro analysis indicates the stock trades with high price volatility, with shares currently trading near $1.38, between its 52-week range of $0.22 to $2.82. The company’s overall financial health score is rated as WEAK, according to InvestingPro’s comprehensive evaluation system.Want deeper insights? InvestingPro subscribers have access to 12 additional expert tips and extensive financial metrics for LTRY.
In other recent news, Lottery.com Inc. announced its decision not to proceed with a reverse stock split, despite shareholder approval. The proposal, which was discussed at the company’s 2024 Annual Meeting, received substantial support, but the Board of Directors opted against implementing it. Additionally, Lottery.com has formed a global advisory board to guide its expansion efforts, with industry experts from gaming and technology sectors participating. This development follows an SEC Notice of Effectiveness, indicating renewed investor interest. The company also revealed an agreement to acquire a gaming platform from PlusEVO Ltd., valued at $1.5 million, to enhance its international expansion strategy. This acquisition is part of Lottery.com’s plan to reduce reliance on third-party licenses and improve customer experience. Furthermore, Lottery.com has launched its international lottery operations, aiming to generate new revenue by the end of March. Lastly, the company faces potential Nasdaq delisting due to a lapse in holding its 2023 annual shareholder meeting, but efforts are underway to rectify the compliance issue.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.