American Software Adopts Rule 10b5-1 Trading Plan To Facilitate Stock Buybacks Under Existing Share Repurchase Program Of 946,321 Shares
Portfolio Pulse from Benzinga Newsdesk
American Software (AMSWA) has adopted Rule 10b5-1 trading plan to facilitate stock buybacks under its existing share repurchase program of 946,321 shares.
September 25, 2023 | 6:21 pm
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American Software's adoption of Rule 10b5-1 trading plan for stock buybacks could potentially increase the stock's value in the short term.
The adoption of Rule 10b5-1 trading plan allows American Software to buy back its own shares at predetermined times, which can help support the stock price. This could potentially increase the stock's value in the short term as it reduces the number of shares in circulation, thereby increasing earnings per share and making the stock more attractive to investors.
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