EXCLUSIVE: Zynex Tells Benzinga Co.'s Board Of Directors Has Approved A Program To Repurchase Up To $20M Of The Company's Common Stock
Portfolio Pulse from Benzinga Newsdesk
Zynex's Board of Directors has approved a program to repurchase up to $20M of the company's common stock.
November 01, 2023 | 12:30 pm
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POSITIVE IMPACT
Zynex's stock buyback program could potentially increase the stock's price in the short term.
Stock buybacks often lead to an increase in the stock price as they reduce the number of shares in circulation, thereby increasing earnings per share. This could potentially make the stock more attractive to investors, leading to an increase in demand and subsequently, the price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100