Encore Wire Board Increased Repurchase Authorization In June 2023 Back Up To Full 2M Shares Of Common Stock Through March 31, 2024
Portfolio Pulse from Benzinga Newsdesk
Encore Wire's board has increased its repurchase authorization back up to a full 2 million shares of common stock through March 31, 2024. The decision was made in June 2023.
July 25, 2023 | 9:11 pm
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Encore Wire's board has increased its repurchase authorization to 2 million shares, which could potentially increase the stock's value.
Share repurchase programs are typically seen as a positive signal by the market, as they indicate that the company believes its stock is undervalued. This could potentially lead to an increase in the stock's value.
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