Better Choice Company shares are trading higher after the company authorized a $5 million stock repurchase program.
Portfolio Pulse from Benzinga Newsdesk
Better Choice Company's shares are trading higher following the announcement of a $5 million stock repurchase program.
April 16, 2024 | 4:49 pm
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POSITIVE IMPACT
Better Choice Company's stock is expected to experience a positive short-term impact due to the announcement of a $5 million stock repurchase program.
Stock repurchase programs often lead to a positive market reaction as they can indicate that a company believes its stock is undervalued. This can also reduce the number of outstanding shares, potentially increasing earnings per share and the value of remaining shares.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100