Mission Produce On Sept 6, Board Approved Stock Repurchase Program; Stock Repurchase Program Permits Co To Repurchase Up To $20M Of Shares Of Co's Common Stock Over Next 36 Months
Portfolio Pulse from Benzinga Newsdesk
Mission Produce's board has approved a stock repurchase program that allows the company to buy back up to $20 million of its common stock over the next 36 months.
September 11, 2023 | 8:41 pm
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POSITIVE IMPACT
Mission Produce's stock repurchase program could potentially increase the value of its shares by reducing the number of shares in circulation.
Stock repurchase programs are typically seen as a positive signal by the market, as they indicate that the company believes its stock is undervalued. By reducing the number of shares in circulation, the earnings per share may increase, potentially leading to a higher stock price.
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