A-Mark Precious Metals Boosts Share Repurchase Program; A-Mark Is Authorized To Repurchase Up To 1,221,152 Shares Of Its Outstanding Common Stock, In Addition To The 778,848 Shares Repurchased Under The Program Through November 14, 2023, For A Total Of 2M Shares
Portfolio Pulse from Benzinga Newsdesk
A-Mark Precious Metals has expanded its share repurchase program, now authorized to buy back up to 1,221,152 additional shares of its common stock. This is on top of the 778,848 shares already repurchased through November 14, 2023, bringing the total to 2 million shares.
November 20, 2023 | 9:31 pm
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A-Mark Precious Metals has increased its share repurchase authorization by 1,221,152 shares, having already repurchased 778,848 shares, aiming for a total of 2 million shares.
The expansion of the share repurchase program is typically viewed as a positive signal by the market, indicating that the company believes its stock is undervalued and that it is confident in its financial position. This can lead to an increase in investor confidence and potentially drive up the stock price in the short term.
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