Aristocrat Leisure (ASX:ALL) up 3% as buyback gives shares a boost
Aristocrat Leisure starts Tuesday trading after it closed up 2.95% at A$56.57 Monday. The stock has added 5.6% in two days, while the broader Australian market stayed quiet. Light & Wonder, which competes with Aristocrat in casino machines and online games, slid 2.98% on Monday. The drop stands out, as it makes it harder to blame a sector move for gains in Aristocrat. It doesn’t show the buyback caused Aristocrat’s rally, but focuses attention on company demand.