Smith & Wesson Brands Authorizes To Repurchase Up To $50M Of Common Stock Through September 19
Portfolio Pulse from Benzinga Newsdesk
Smith & Wesson Brands has authorized a repurchase of up to $50M of its common stock through September 19.
September 20, 2023 | 11:14 am
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POSITIVE IMPACT
Smith & Wesson's stock repurchase program could potentially increase the stock's price in the short term.
Stock repurchase programs are typically seen as a sign of a company's confidence in its own stock. By reducing the number of shares outstanding, it can increase earnings per share and potentially boost the stock price. However, the actual impact will depend on market conditions and investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100