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
Portfolio Pulse from Benzinga Newsdesk
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
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
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