Overseas Shipholding Group Announces $15,343,987.95 Off-Market Share Repurchase Of 3,788,639 Shares Of Common Stock At $4.05/Share
Portfolio Pulse from Benzinga Newsdesk
Overseas Shipholding Group (OSG) has announced an off-market share repurchase of 3,788,639 shares of common stock at $4.05 per share, totaling $15,343,987.95.
August 28, 2023 | 12:47 pm
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OSG's off-market share repurchase could indicate the company's confidence in its own stock, potentially leading to a short-term increase in stock price.
Share repurchases often signal a company's belief that its stock is undervalued. This could lead to increased investor confidence, potentially driving up the stock price in the short term.
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