Choice Hotels Board Approves Increase In Number Of Shares Authorized Under Its Share Repurchase Program By 5M Shares
Portfolio Pulse from Benzinga Newsdesk
Choice Hotels' board has approved an increase in the number of shares authorized for repurchase by 5 million shares, bringing the total authorization to approximately 6.8 million shares.

March 11, 2024 | 10:35 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Choice Hotels International, Inc. has increased its share repurchase authorization by 5 million shares, totaling 6.8 million shares.
Increasing the share repurchase authorization typically signals the company's confidence in its financial health and future prospects. It can lead to a reduction in the number of shares outstanding, potentially increasing the earnings per share (EPS) and the stock price in the short term. Given the substantial increase in the authorization, this is likely to be viewed positively by investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100