On July 24, 2023, Textainer' Board Of Directors Authorized Further Increase Of $100M To Share Repurchase Program
Portfolio Pulse from Benzinga Newsdesk
Textainer's Board of Directors has authorized an additional $100M to its share repurchase program on July 24, 2023.
August 01, 2023 | 12:34 pm
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Textainer's decision to increase its share repurchase program by $100M could potentially boost its stock price.
Share repurchase programs are often seen as a sign of a company's confidence in its own stock. By buying back shares, Textainer reduces the number of shares on the market, which can increase the price of the remaining shares. This could potentially lead to a short-term increase in Textainer's stock price.
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