StealthGas shares are trading higher after the company announced a $10 million increase to its existing common stock repurchase program.
Portfolio Pulse from Benzinga Newsdesk
StealthGas has announced a $10 million increase to its existing common stock repurchase program, leading to a rise in its share prices.
October 27, 2023 | 4:22 pm
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StealthGas's decision to increase its common stock repurchase program by $10 million has resulted in a rise in its share prices.
Stock repurchase programs are often seen as a sign of a company's confidence in its own stock, leading to increased investor confidence and a potential rise in share prices. StealthGas's decision to increase its repurchase program by $10 million has likely contributed to the rise in its share prices.
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