Stellantis Approves €3B Repurchase Program; Shares Will Be Purchased Over Period Ending Dec. 31, 2024 On NYSE, Euronext Milan, Euronext Paris And Other Multilateral Trading Facilities
Portfolio Pulse from Benzinga Newsdesk
Stellantis has announced a €3 billion share repurchase program, with plans to buy back shares until December 31, 2024. The repurchases will occur on the NYSE, Euronext Milan, Euronext Paris, and other multilateral trading facilities.

February 15, 2024 | 7:43 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Stellantis plans to repurchase €3 billion worth of shares by December 31, 2024, affecting its stock on the NYSE and other trading platforms.
Share repurchase programs typically signal a company's confidence in its future prospects, often leading to a positive investor sentiment and a potential increase in stock price. Given the substantial amount allocated (€3 billion) and the extended period of the program (until the end of 2024), this move by Stellantis is likely to be viewed positively by the market. The repurchase will occur across multiple trading platforms, including the NYSE, which increases its visibility and impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100