Eco Wave Power Submits Request To Swedish Financial Supervisory Authority To Buyback Up To 10% Of Co's Shares
Portfolio Pulse from Benzinga Newsdesk
Eco Wave Power has submitted a request to the Swedish Financial Supervisory Authority to initiate a share buyback program for up to 10% of the company's shares.

December 21, 2023 | 2:36 pm
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Eco Wave Power's submission for a share buyback program could lead to a short-term increase in the stock price due to the potential reduction in the number of shares outstanding.
Share buyback programs often signal a company's confidence in its own financial health and future prospects, which can be positive for investor sentiment. The reduction in shares outstanding can also improve earnings per share (EPS) metrics, potentially making the stock more attractive in the short term.
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