Upwork Approves $100M Share Buyback Program
Portfolio Pulse from Benzinga Newsdesk
Upwork has approved a $100 million share buyback program. This move is expected to boost investor confidence and potentially increase the company's stock price.
November 07, 2023 | 9:28 pm
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POSITIVE IMPACT
Upwork's $100 million share buyback program could boost its stock price in the short term.
Share buybacks often lead to an increase in the stock price as they reduce the number of shares available in the market, thereby increasing the earnings per share. This move also signals the company's confidence in its own stock, which can boost investor sentiment.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100