Reported Earlier, Tenaris To Commence $300M First Tranche Of Its $1.2B Share Buyback Program
Portfolio Pulse from Benzinga Newsdesk
Tenaris (TS) has announced the commencement of the first tranche of its $1.2 billion share buyback program, with an initial $300 million to be spent.
November 06, 2023 | 6:27 am
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Tenaris's announcement of the first tranche of its share buyback program could potentially boost its stock price in the short term.
Share buybacks often lead to a rise in the stock price as they reduce the number of shares in circulation, thereby increasing earnings per share. This announcement could therefore have a positive impact on Tenaris's stock price in the short term.
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