Skillz shares are trading higher after the company's board authorized a $65 million share repurchase program.
Portfolio Pulse from Benzinga Newsdesk
Skillz Inc.'s board has authorized a $65 million share repurchase program, leading to a rise in the company's stock.
August 21, 2023 | 1:28 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Skillz Inc.'s stock is trading higher following the announcement of a $65 million share repurchase program.
Share repurchase programs are often seen as a sign of a company's confidence in its own stock, leading to increased investor confidence. This can result in a rise in the stock's price, as is the case with Skillz Inc.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100