Harley-Davidson, Inc. Announces Additional Share Repurchase Authorization Of Up To 10M Shares Of Common Stock, Is In Addition To The Existing Share Repurchase Authorization Approved In February 2020
Portfolio Pulse from Happy Mohamed
Harley-Davidson, Inc. (NYSE:HOG) has announced an additional share repurchase authorization of up to 10 million shares of common stock. This is in addition to the existing share repurchase authorization approved in February 2020, of which 5.8 million shares remained as of June 30, 2023.
September 06, 2023 | 12:01 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Harley-Davidson's additional share repurchase authorization may increase demand for its shares, potentially leading to a short-term increase in its stock price.
Share repurchases often lead to an increase in the stock price as they reduce the number of shares available in the market, thereby increasing the demand. Additionally, they signal the company's confidence in its own stock, which can also boost investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100