Bumble Announces $300M Buyback Program
Portfolio Pulse from Benzinga Newsdesk
Bumble Inc. has announced a $300 million share buyback program.

November 07, 2023 | 9:12 pm
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POSITIVE IMPACT
Bumble Inc. has announced a $300 million share buyback program, which could potentially increase the company's stock price.
Share buyback programs are generally seen as a positive signal by the market as they reduce the number of shares outstanding, which can increase earnings per share and, consequently, the stock price. Therefore, this news is likely to have a positive impact on Bumble's stock price in the short term.
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