Qudian shares are trading higher after the company announced a share repurchase program of up to $300 million and reported Q4 financial results.
Portfolio Pulse from Benzinga Newsdesk
Qudian Inc. announced a share repurchase program of up to $300 million and reported its Q4 financial results, leading to a rise in its share price.

March 18, 2024 | 12:41 pm
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Qudian Inc. announced a share repurchase program of up to $300 million and reported its Q4 financial results, which has led to an increase in its share price.
Share repurchase programs are typically viewed positively by the market as they often lead to an increase in the value of remaining shares. Additionally, the announcement of Q4 financial results provides investors with updated information on the company's performance, potentially influencing the stock's value. Given these factors, Qudian Inc.'s stock is likely to experience a short-term increase in price.
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