Overseas Shipholding Group shares are trading higher after the company announced an additional $10 million increase in its share repurchase program.
Portfolio Pulse from Benzinga Newsdesk
Overseas Shipholding Group (OSG) announced a $10 million increase in its share repurchase program, leading to a rise in its stock price.
June 21, 2023 | 6:44 pm
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OSG's stock price is trading higher after announcing a $10 million increase in its share repurchase program.
The announcement of a $10 million increase in OSG's share repurchase program indicates the company's confidence in its stock value. This move is likely to attract investors and drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100