New Oriental Education & Technology Extend Its Share Repurchase Program Launched In July 2022, Over The Next Twelve Months Through May 31, 2024
Portfolio Pulse from Benzinga Newsdesk
New Oriental Education & Technology (EDU) has extended its share repurchase program launched in July 2022 through May 31, 2024. As of May 31, 2023, the company had repurchased $191 million worth of its ADSs, with a balance of $209 million remaining.
June 06, 2023 | 9:08 am
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EDU extends its share repurchase program through May 2024, with $209 million remaining to be utilized.
The extension of the share repurchase program indicates that the company is confident in its stock value and is willing to invest in its own shares. This could lead to a positive short-term impact on the stock price as it signals a strong commitment from the company.
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