Globus Medical On Sept 27 Approved New Stock Repurchase Program Authorizing Co To Repurchase Up To Additional $350M Of Its Class A Common Stock
Portfolio Pulse from Bill Haddad
Globus Medical has approved a new stock repurchase program on September 27, authorizing the company to repurchase up to an additional $350 million of its Class A common stock.
October 02, 2023 | 8:36 pm
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POSITIVE IMPACT
Globus Medical's new stock repurchase program could potentially increase the stock's value by reducing the number of shares in circulation.
Stock repurchase programs are typically seen as a positive signal by the market, as they indicate that the company believes its stock is undervalued. By reducing the number of shares in circulation, the earnings per share may increase, potentially leading to a higher stock price.
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IMPORTANCE 80
RELEVANCE 100