On February 27, the GoodRx Holdings Board Approved a Buyback Program of up to $450.0M
Portfolio Pulse from Benzinga Newsdesk
On February 27, 2024, the board of directors approved a new stock repurchase program authorizing the repurchase of up to $450.0 million of Class A common stock.

February 29, 2024 | 11:11 am
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GDRX's board of directors approved a new stock repurchase program for up to $450.0 million of its Class A common stock.
Stock repurchase programs are generally viewed positively by the market as they can increase earnings per share and are often seen as a sign of the management's confidence in the company's future. For GDRX, this substantial buyback program could lead to a short-term increase in stock price due to perceived shareholder value enhancement.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100