Autoliv Retires Repurchased Shares, Reducing Number Of Issued Shares
Portfolio Pulse from Akanksha Bakshi
Autoliv Inc (NYSE:ALV) has retired 475,292 shares of common stock that had been repurchased during the quarter, reducing the total number of issued shares to 90.24 million. The company currently holds 4.868 million shares of common stock in treasury. Autoliv also announced plans to continue with its repurchase program, authorizing the repurchase of up to $1.5 billion or up to 17 million common shares by the end of 2024.
June 30, 2023 | 1:35 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Autoliv's retirement of repurchased shares and continuation of its repurchase program could potentially increase the value of remaining shares, but the immediate market reaction has been a slight decrease in share price.
The retirement of repurchased shares reduces the total number of shares in circulation, which could potentially increase the value of the remaining shares. However, the immediate market reaction has been a slight decrease in share price, indicating that investors may be reacting to other factors or that the impact of the share retirement has not yet been fully absorbed by the market.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100