UPS Said Do Not Anticipate Further Share Repurchases In 2023
Portfolio Pulse from Charles Gross
UPS has announced that it does not anticipate any further share repurchases in 2023, according to its 10Q report.
November 01, 2023 | 8:45 pm
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UPS has announced that it does not plan to repurchase any more shares in 2023. This could potentially impact the company's stock price.
Share repurchases often lead to a rise in the stock price as they reduce the number of shares in circulation, increasing earnings per share. UPS's announcement that it does not plan any further repurchases in 2023 could potentially lead to a decrease in its stock price.
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IMPORTANCE 80
RELEVANCE 100