US Foods Announces $150M Buyback Program
Portfolio Pulse from Benzinga Newsdesk
US Foods has announced a $150 million share buyback program, signaling confidence in the company's future growth and potentially boosting its stock price.
May 23, 2023 | 1:16 pm
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US Foods' $150 million share buyback program may lead to a short-term increase in its stock price.
The announcement of a $150 million share buyback program by US Foods indicates the company's confidence in its future growth. This may lead to increased demand for its shares, potentially driving up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
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