DocGo shares are trading higher after the company announced a share buyback program of up to $36 million.
Portfolio Pulse from Benzinga Newsdesk
DocGo (DCGO) announced a share buyback program of up to $36 million, causing its shares to trade higher.

January 31, 2024 | 3:23 pm
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DocGo announced a share buyback program worth up to $36 million, which has led to an increase in its stock price.
Share buyback programs are typically viewed positively by the market as they often lead to a reduction in the number of shares outstanding, potentially increasing earnings per share and the value of remaining shares. The announcement of DocGo's buyback program has already resulted in its shares trading higher, indicating a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100