Mullen Automotive Announces Start Of Its $25M Stock Buyback Program
Portfolio Pulse from Benzinga Newsdesk
Mullen Automotive has announced the commencement of its $25 million stock buyback program.
August 17, 2023 | 11:06 am
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POSITIVE IMPACT
Mullen Automotive's stock buyback program 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 available in the market, thereby increasing the earnings per share. This could potentially lead to an increase in Mullen Automotive's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100