Mondee Holdings shares are trading higher after the company announced that its board of directors approved a $30 million share repurchase program.
Portfolio Pulse from Benzinga Newsdesk
Mondee Holdings has announced that its board of directors approved a $30 million share repurchase program, leading to a rise in its share prices.
September 22, 2023 | 2:29 pm
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Mondee Holdings' shares are trading higher after the company announced a $30 million share repurchase program.
Share repurchase programs are generally seen as a positive signal by the market, indicating that the company believes its shares are undervalued. This often leads to an increase in share price, as is the case with Mondee Holdings.
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