Plus Therapeutics Announces Share Repurchase Program To Repurchase Up To $500,000 Of Common Stock
Portfolio Pulse from Benzinga Newsdesk
Plus Therapeutics has announced a share repurchase program to buy back up to $500,000 of its common stock. The move is aimed at returning value to shareholders.
October 31, 2023 | 8:20 pm
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Plus Therapeutics' share repurchase program could potentially increase the stock's price in the short term as it reduces the number of shares in circulation.
Share repurchase programs are often seen as a sign of a company's confidence in its own stock. By reducing the number of shares in circulation, it can increase the price of the remaining shares. However, the impact may vary depending on market conditions and investor sentiment.
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