Company-Specific Factors:
Strong financial performance: OPAP has been reporting strong earnings, revenue growth, and/or increased profitability, investors may be more inclined to buy the stock, driving up the price.
New products or services: The launch of successful new games, betting options, or online platforms could attract new customers and generate excitement around the company.
Expansion into new markets: OPAP has successfully expanded its operations into new regions or demographics, this could lead to increased revenue and investor confidence.
Acquisitions or mergers: Strategic acquisitions or mergers can boost a company's market share, profitability, and overall value.
Share buybacks: When a company repurchases its own shares, it reduces the number of shares outstanding, which can increase the value of the remaining shares.
Dividend increases: A higher dividend payout can attract income-seeking investors and signal confidence in the company's future.