Lendway, Inc. Announces New Authorization To Repurchase Up To 400,000 Shares
Portfolio Pulse from Happy Mohamed
Lendway, Inc. (NASDAQ:LDWY) has announced a new stock repurchase program, authorizing the repurchase of up to 400,000 of the company's outstanding common stock. The repurchase will be conducted in open market transactions, privately negotiated transactions, or other means in accordance with federal securities laws. The program does not obligate Lendway to acquire any particular amount of its common stock or to acquire shares on any particular timetable.
August 28, 2023 | 1:10 pm
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Lendway's new stock repurchase program may lead to a short-term increase in the company's stock price due to the reduction in the number of shares available in the market.
Stock repurchase programs often lead to an increase in the stock price in the short term as they reduce the number of shares available in the market, which can increase the demand for the stock. However, the actual impact will depend on the number of shares Lendway actually repurchases and the market conditions at the time of the repurchase.
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