Clear Secure Board Authorizes $100M Increase To Its Existing Class A Common Stock Share Repurchase Program
Portfolio Pulse from Benzinga Newsdesk
Clear Secure's board has approved a $100M increase to its Class A common stock share repurchase program, bringing the total available for repurchase to approximately $141M.
March 21, 2024 | 8:36 pm
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Clear Secure's board has authorized an additional $100M for its Class A common stock repurchase program, totaling around $141M available for repurchases.
The increase in the share repurchase program is generally viewed positively by the market as it often indicates the company's confidence in its own financial health and future prospects. This can lead to an increase in stock price in the short term as it reflects a demand for the shares by the company itself, reducing supply in the market.
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