Zynex Announces $10M Share Repurchase Program Effective Sept. 13 Through Sept. 12, 2024
Portfolio Pulse from Benzinga Newsdesk
Zynex, Inc. has announced a $10 million share repurchase program, effective from September 13, 2021, through September 12, 2024.
September 11, 2023 | 1:17 pm
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POSITIVE IMPACT
Zynex's $10 million share repurchase program could potentially increase the company's stock price in the short term.
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 price as the supply of shares in the market decreases. Therefore, this news could potentially have a positive impact on Zynex's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100