GrowGeneration shares are trading higher. The company announced a $6 million repurchase program.
Portfolio Pulse from Benzinga Newsdesk
GrowGeneration Corp. announced a $6 million stock repurchase program, leading to an increase in its share price.
March 25, 2024 | 4:06 pm
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POSITIVE IMPACT
GrowGeneration Corp. has initiated a $6 million stock repurchase program, positively impacting its share price.
Stock repurchase programs often lead to an increase in share price as they reduce the number of shares available in the market, potentially increasing earnings per share and demonstrating confidence by management in the company's future prospects.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100