AudioEye Says Board Of Directors Terminated Program To Repurchase Up To $3M Of Common Stock - Filing
Portfolio Pulse from Benzinga Newsdesk
AudioEye's Board of Directors has terminated a program to repurchase up to $3M of its common stock, according to a filing.

August 15, 2023 | 8:20 pm
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AudioEye's decision to terminate its stock repurchase program could potentially impact its stock price.
Stock repurchase programs are often seen as a sign of a company's confidence in its own stock, suggesting it believes the stock is undervalued. By terminating this program, AudioEye may be signaling a lack of confidence in its stock, which could negatively impact investor sentiment and drive the stock price down.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100