1stDibs Board Approved Buyback Of Up To $20M
Portfolio Pulse from Benzinga Newsdesk
The board of 1stDibs has approved a buyback of up to $20 million.
August 09, 2023 | 11:13 am
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POSITIVE IMPACT
1stDibs has approved a buyback of up to $20 million, which may increase the stock's value.
Stock buybacks often lead to an increase in the stock's value as they reduce the number of shares in circulation, thereby increasing earnings per share. This could potentially lead to a positive impact on 1stDibs' stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100