Forian Inc. Announces It Has Repurchase Aggregate Of 1,604,676 Shares Of Common Stock In a Privately Negotiated Transaction At Redemption Price Of $2.15 Per Share
Portfolio Pulse from Bill Haddad
Forian Inc. has repurchased an aggregate of 1,604,676 shares of its common stock in a privately negotiated transaction at a redemption price of $2.15 per share.
October 03, 2023 | 8:37 pm
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Forian Inc. has repurchased 1,604,676 shares of its common stock, which could indicate the company's confidence in its own stock.
Stock repurchases are often seen as a sign that the company's management believes the shares are undervalued. This could potentially lead to an increase in the stock's price as it indicates confidence in the company's future performance.
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