ManpowerGroup Announces New Share Repurchase Program Of Up To 5M Shares Of Common Stock
Portfolio Pulse from Happy Mohamed
ManpowerGroup (NYSE:MAN) has announced a new share repurchase program, authorizing the repurchase of up to 5 million shares of its common stock. This is in addition to the share repurchase program authorized in August 2021, with approximately 0.9 million shares still available for repurchase.
August 04, 2023 | 8:16 pm
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POSITIVE IMPACT
ManpowerGroup's new share repurchase program could potentially increase the stock's price in the short term as it indicates the company's confidence in its own stock.
Share repurchase programs are often seen as a sign of a company's confidence in its own stock. By reducing the number of shares available in the market, it can create upward pressure on the stock price. However, the actual impact will depend on the market's reaction and other factors.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100