Leju's Board Of Directors Has Authorized A Share Repurchase Program Under Which The Company May Repurchase Up To $2M Of Its Shares Over The Next 12 Months, Ending On November 13, 2024
Portfolio Pulse from Benzinga Newsdesk
Leju Holdings Limited's Board of Directors has approved a share repurchase program, allowing the company to buy back up to $2 million worth of its shares. The program is set to last for 12 months, concluding on November 13, 2024.
November 14, 2023 | 10:02 am
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Leju Holdings Limited has initiated a share repurchase program to buy back up to $2 million of its shares within the next year.
Share repurchase programs often indicate a company's belief that its shares are undervalued and represent a good investment. This can lead to increased investor confidence and potentially drive up the stock price in the short term. The impact is significant given the direct nature of the news, but the size of the buyback relative to the company's market cap and the duration of the program are also factors to consider.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100