HireRight Adopts $25M Share Buyback Program
Portfolio Pulse from Shivani Kumaresan
HireRight Holdings Corporation (NYSE:HRT) has authorized an additional $25 million share repurchase program. The company plans to fund the repurchases from its existing cash and future cash flows. This follows a $100 million share repurchase program completed on June 22, 2023.
June 23, 2023 | 9:28 am
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HireRight (NYSE:HRT) has authorized a $25 million share repurchase program, which may have a positive short-term impact on the stock price.
Share repurchase 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 prospects. This can lead to increased demand for the stock and a potential short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100