Share repurchase programs are typically viewed positively by the market as they can indicate that a company believes its stock is undervalued and that it is confident in its current financial position. The repurchase of shares can also lead to an increase in earnings per share and return on equity, potentially driving the stock price up in the short term. Given the size of the repurchase relative to the total number of outstanding shares, this could have a significant impact on the stock's performance.