SCPL - Why SciPlay's Stock Is Soaring and Scientific Games' Stock Is Falling Today
Shares of Scientific Games (NASDAQ: SGMS) were down 4.6% heading into noontime trading Thursday after the casino and gaming-services leader offered to buy the rest of SciPlay (NASDAQ: SCPL) that it didn't already own.
Not surprisingly, SciPlay's stock was soaring on the news, rising 12% in morning trading.
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Why SciPlay's Stock Is Soaring and Scientific Games' Stock Is Falling Today