Sezzle shares are trading higher after the company authorized a $5 million stock repurchase program.
Portfolio Pulse from Benzinga Newsdesk
Sezzle Inc. has announced a stock repurchase program, authorizing the buyback of up to $5 million of its shares, which has led to an increase in its share price.
December 22, 2023 | 6:10 pm
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POSITIVE IMPACT
Sezzle Inc.'s stock repurchase program may lead to a reduction in share supply and potential increase in EPS, positively impacting the stock price in the short term.
Stock repurchase programs often lead to a positive market reaction as they can reduce the number of shares outstanding, potentially increase earnings per share, and signal management's confidence in the company's financial health. Given the authorization of a $5 million buyback, this indicates a bullish stance by the company, which can lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100