On Nov 9, 2023, World Acceptance Corp Approved A Share Repurchase Program Authorizing The Company To Repurchase Up To $20M Of Its Outstanding Common Stock Inclusive Of Any Amount That Remains Available For Repurchase Under Prior Repurchase Authorizations
Portfolio Pulse from Benzinga Newsdesk
World Acceptance Corp has approved a share repurchase program, authorizing the company to repurchase up to $20M of its outstanding common stock. This includes any amount that remains available for repurchase under prior authorizations.
November 09, 2023 | 8:34 pm
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POSITIVE IMPACT
World Acceptance Corp's new share repurchase program could potentially increase the stock's price as it indicates the company's confidence in its own stock.
Share repurchase programs are often seen as a sign of a company's confidence in its own stock. By reducing the number of shares outstanding, it can increase earnings per share and potentially boost the stock price. However, the actual impact will depend on market conditions and investor sentiment.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100