MasterCraft Boat Plans New $50M Share Repurchase Authorization
Portfolio Pulse from Benzinga Newsdesk
MasterCraft Boat Company has announced a new $50 million share repurchase authorization, which will become effective upon the expiration of the company's existing $50 million share repurchase authorization.
July 24, 2023 | 8:09 pm
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MasterCraft's new $50 million share repurchase authorization may lead to a short-term increase in the company's stock price.
Share repurchase programs are often seen as a sign of a company's confidence in its own stock, which can lead to increased investor confidence and a potential increase in the stock price. Given that this is a significant repurchase authorization, it could have a notable impact on MasterCraft's stock price.
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