Kornit Digital Filed With An Israeli District Court A Request For Approval For An Additional Six Month Period Of Its Existing Share Repurchase Program; Covers The Current Remaining $19.3M Unused Amount Under Kornit's Existing $75M Share Repurchase
Portfolio Pulse from Benzinga Newsdesk
Kornit Digital has filed a request with an Israeli District Court to extend its existing share repurchase program for an additional six months. The program still has $19.3 million remaining from the original $75 million allocated for share repurchases.

December 20, 2023 | 9:12 pm
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Kornit Digital is looking to extend its share repurchase program, indicating confidence in the company's value and potentially supporting the stock price.
Share repurchase programs are typically viewed positively by the market as they can indicate that a company believes its stock is undervalued. The extension of Kornit Digital's program may lead to a short-term positive impact on the stock price as it shows ongoing commitment to returning value to shareholders. However, the impact may be moderated by market conditions and other factors affecting investor sentiment.
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