BeautyHealth To Initiate Stock Repurchase Program, Following Recent $100M Share Repurchase Authorization
Portfolio Pulse from Benzinga Newsdesk
BeautyHealth has announced plans to initiate a stock repurchase program, following a recent authorization to repurchase $100M worth of shares.
September 20, 2023 | 12:01 pm
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BeautyHealth's announcement of a stock repurchase program could potentially increase the demand for its shares, leading to a rise in its stock price.
Stock repurchase programs are often seen as a sign of a company's confidence in its own stock. By reducing the number of shares available in the market, it can create a supply-demand imbalance that could potentially drive up the stock price. Given that BeautyHealth has recently been authorized to repurchase $100M worth of shares, this could have a significant impact on its stock price.
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