Rambus Initiates $100M Accelerated Share Repurchase Program
Portfolio Pulse from Benzinga Newsdesk
Rambus Inc. has initiated a $100 million accelerated share repurchase (ASR) program. The move is part of the company's ongoing capital return strategy.
August 11, 2023 | 1:00 pm
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Rambus Inc. has initiated a $100 million accelerated share repurchase program. This could potentially increase the stock price in the short term.
Accelerated 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 could potentially lead to an increase in the stock price in the short term.
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