Trade Desk Board Approves Additional $647M Under Its Share Repurchase Program, Bringing Total Amount For Future Repurchases Back To $700M
Portfolio Pulse from Benzinga Newsdesk
Trade Desk's board has approved an additional $647 million for its share repurchase program, restoring the total available for future repurchases to $700 million. As of December 31, 2023, the company had $53 million already authorized for repurchases.
February 15, 2024 | 9:37 pm
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Trade Desk's board has approved an additional $647 million for its share repurchase program, bringing the total to $700 million.
Share repurchase programs are generally viewed positively by the market as they can indicate that the company believes its stock is undervalued and is a good use of its capital. This can lead to an increase in the stock price in the short term due to the reduced supply of shares and the signal of confidence from the company.
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