Genesco shares are trading higher after the company announced a $50 million increase to its ongoing $200 million buyback program.
Portfolio Pulse from Benzinga Newsdesk
Genesco announced a $50 million increase to its ongoing $200 million buyback program, causing its shares to trade higher.
June 26, 2023 | 2:13 pm
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POSITIVE IMPACT
Genesco's shares are trading higher after increasing its buyback program by $50 million.
The increase in Genesco's buyback program signals the company's confidence in its stock and its commitment to return value to shareholders. This news is likely to have a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100