Palantir Authorizes $1B Buyback
Portfolio Pulse from Benzinga Newsdesk
Palantir has authorized a $1 billion buyback of its shares.
August 07, 2023 | 8:08 pm
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POSITIVE IMPACT
Palantir's $1 billion buyback authorization could potentially increase the company's stock price in the short term.
Stock buybacks often lead to an increase in the stock price as they reduce the number of shares in circulation, thereby increasing earnings per share. This could make the stock more attractive to investors, potentially leading to an increase in demand and a rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100