On May 31, Altair Engineering Board Expanded That Authorization From $50M To $75M; Stock Repurchase Program Is Approved To Run Through Dec 2, 2024, But May Be Suspended For Periods Or Discontinued At Any Time
Portfolio Pulse from Happy Mohamed
Altair Engineering's board has expanded its stock repurchase program authorization from $50M to $75M, with the program approved to run through December 2, 2024, but may be suspended or discontinued at any time.
May 31, 2023 | 8:25 pm
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Altair Engineering expanded its stock repurchase program from $50M to $75M, which may positively impact its stock price.
The expansion of Altair Engineering's stock repurchase program from $50M to $75M demonstrates the company's confidence in its stock and its commitment to returning value to shareholders. This action may lead to a positive impact on the stock price as it reduces the number of outstanding shares, potentially increasing earnings per share and attracting more investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100