Driven Brands Announces $50M Share Repurchase Authorization
Portfolio Pulse from Benzinga Newsdesk
Driven Brands Holdings Inc. (DRVN) has announced a $50 million share repurchase authorization. This move indicates the company's confidence in its own stock and could potentially increase the stock's price by reducing the number of shares available in the market.

August 22, 2023 | 8:30 pm
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Driven Brands' $50 million share repurchase authorization could potentially increase the stock's price by reducing the number of shares available in the market.
Share repurchase programs are typically seen as a sign of a company's confidence in its own stock. By reducing the number of shares available in the market, it can create upward pressure on the stock's price. Therefore, this news is highly relevant and potentially important for DRVN investors.
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