Genius Sports Stock Is Soaring Today: What’s Going On? – Genius Sports (NYSE:GENI)

Genius Sports Ltd GENIUS Stocks are trading higher. The company announced Wednesday a collaboration with TNT Sports and NBA 2K to offer an alternative viewing experience on TruTV and Max.

What happened: Genius Sports will deliver an immersive NBA 2K25 DataCast viewing experience in collaboration with TNT Sports and NBA 2K for the knockout stages of the 2024 Emirates NBA Cup.

The alternative television broadcast will be available live during the quarterfinals and semifinals and is intended to “blur the lines between the video game and the real NBA experience.”

Viewers will see NBA 2K25 overlays such as the iconic Shot Meter, 2K badges, and official 2K camera angles. Genius Sports provides quick insights into the game, including player tracking, shot distance and probabilities, using GeniusIQ.

The alternative viewing experience is scheduled to begin on December 10th, with games lasting until December 14th and will feature contributions from Vince Carter, Candace Parker, Channing Frye, Adam Lefkoe, Kirk Goldsberry and more.

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Is GENI a good stock to buy?

When deciding whether a stock is a good buy, an investor can make several decisions. In addition to the valuation metrics and price history that you can find on Benzinga’s offering pages – such as the Genius Sports site – there are factors such as whether a company pays a quarterly dividend or buys a large portion of its shares.

These are called capital allocation programs. Genius Sports doesn’t pay a dividend, but clearly has some ways to deliver value to shareholders. Search Benzinga’s Dividend Calendar to find the next company to pay a dividend and see what return you could get by owning a share of the company.

Buyback programs are obviously different and very different. A company may authorize a repurchase program and may purchase shares at its discretion over the time the repurchase is authorized. Looking at the latest Genius Sports news will often reveal whether or not the company has recently approved a buyback program. Buyback programs usually serve to support share prices and to maintain demand.

GENI price promotion: According to Benzinga Pro, shares of Genius Sports were up 1.25% at $10.16 at the time of publication.

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