Genesco Boosts Buyback By $50M
Portfolio Pulse from Benzinga Newsdesk
Genesco Inc. (GCO) has announced a $50 million increase to its existing $200 million share repurchase authorization, approved by its board of directors.
June 26, 2023 | 10:52 am
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POSITIVE IMPACT
Genesco's increased buyback authorization may lead to a short-term positive impact on its stock price.
The increased buyback authorization indicates that Genesco is confident in its financial position and future prospects. This may lead to increased investor confidence and a short-term positive impact on its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100