Logitech's Board Of Directors Approves New $1B Share Buyback Program
Portfolio Pulse from Benzinga Newsdesk
Logitech's board of directors has approved a new $1 billion share buyback program.
June 21, 2023 | 8:05 pm
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POSITIVE IMPACT
Logitech's new $1 billion share buyback program is expected to have a positive short-term impact on its stock price.
Share buyback programs are generally seen as a positive signal for investors, as they indicate that the company believes its stock is undervalued and has confidence in its future performance. This can lead to increased demand for the stock and a subsequent rise in its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100