Cass Information Systems Authorized To Repurchase Up To 500,000 Shares Of Common Stock
Portfolio Pulse from Benzinga Newsdesk
Cass Information Systems has been authorized to repurchase up to 500,000 shares of its common stock.
October 19, 2023 | 12:39 pm
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Cass Information Systems has been authorized to repurchase up to 500,000 shares of its common stock, which may lead to a short-term increase in the stock price.
Stock buybacks often lead to a short-term increase in the stock price as they reduce the number of shares available in the market, thereby increasing the earnings per share. This is generally viewed positively by investors.
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