Taboola Said On May 28, Israeli Court Approved Motion To Extend Initial Approval Of Program Of Up To $50M; Previously, On May 10 Board Of Directors Authorized A Share Repurchase Program Of Up To $40M
Portfolio Pulse from Charles Gross
An Israeli court approved Taboola's motion to extend its share repurchase program from $40M to $50M on May 28, following the Board of Directors' initial authorization on May 10.
May 30, 2023 | 8:50 pm
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POSITIVE IMPACT
Taboola's share repurchase program extension from $40M to $50M may lead to a short-term positive impact on its stock price.
The extension of Taboola's share repurchase program from $40M to $50M indicates the company's confidence in its stock and its commitment to return value to shareholders. This may lead to increased demand for the stock and a short-term positive impact on its price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100