On August 30, 2023, StoneX Board Authorized Repurchase Of Up To 1.0M Shares From Time To Time Commencing On October 1, 2023 And Ending On September 30, 2024 - Filing
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StoneX Board has authorized the repurchase of up to 1.0M shares from time to time, starting from October 1, 2023, and ending on September 30, 2024, according to a filing.
September 05, 2023 | 8:44 pm
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StoneX's board has authorized a share repurchase program, which could potentially increase the stock's price by reducing the number of shares in circulation.
Share repurchase programs are often seen as a sign of a company's confidence in its own stock, and can lead to an increase in the stock's price by reducing the number of shares in circulation. Therefore, this news could potentially have a positive impact on StoneX's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100