Blade Air Mobility shares are trading higher after the company announced a $20 million share repurchase program.
Portfolio Pulse from Benzinga Newsdesk
Blade Air Mobility's stock is trading higher following the announcement of a $20 million share repurchase program.
March 20, 2024 | 3:04 pm
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Blade Air Mobility announced a $20 million share repurchase program, leading to an increase in its stock price.
Share repurchase programs often lead to an increase in stock price as they can indicate that the company believes its stock is undervalued. It also reduces the number of shares outstanding, potentially increasing earnings per share.
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