Magic Empire Global Limited Announces $2M Share Repurchase Plan
Portfolio Pulse from Benzinga Newsdesk
Magic Empire Global Limited (MEGL) has announced a $2M share repurchase plan.
September 13, 2023 | 1:15 pm
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POSITIVE IMPACT
MEGL's announcement of a $2M share repurchase plan could potentially increase the stock price in the short term.
Share repurchase plans often lead to an increase in the stock price as they reduce the number of shares outstanding, thereby increasing earnings per share. This could make the stock more attractive to investors, potentially leading to an increase in demand and a rise in the stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100