Cavco Industries shares are trading higher after the company's board approved a $100 million share repurchase program.
Portfolio Pulse from Benzinga Newsdesk
Cavco Industries' board has approved a $100 million share repurchase program, leading to a rise in the company's share prices.
August 04, 2023 | 4:55 pm
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POSITIVE IMPACT
Cavco Industries' share repurchase program of $100 million has led to an increase in its stock price.
Share repurchase programs are generally seen as a positive signal by the market as they indicate that the company believes its shares are undervalued. This often leads to an increase in the stock price, as is the case with Cavco Industries.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100