Custom Truck One Source: Board Approved Stock Repurchase Program Of Up To $25M Of Shares Of Common Stock On March 11
Portfolio Pulse from Benzinga Newsdesk
Custom Truck One Source (CTOS) has announced that its board has approved a stock repurchase program, allowing the company to buy back up to $25 million of its shares of common stock, as per an SEC filing on March 11.
March 12, 2024 | 8:47 pm
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Custom Truck One Source's board has approved a stock repurchase program of up to $25 million of its common stock.
Stock repurchase programs often signal a company's belief that its stock is undervalued, which can lead to increased investor confidence and potentially drive up the stock price in the short term. Given the size of the buyback relative to the company, this could be seen as a significant positive development.
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