Marqeta Says Board Has Authorized New Share Repurchase Program For Up To $200M Of Its Class A Common Stock
Portfolio Pulse from Benzinga Newsdesk
Marqeta has announced that its board has authorized a new share repurchase program, allowing the company to buy back up to $200 million of its Class A common stock.
May 07, 2024 | 8:37 pm
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Marqeta's new $200 million share repurchase program could signal confidence from management in the company's financial health and future prospects, potentially leading to a positive short-term impact on 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. By reducing the number of shares available in the market, the earnings per share (EPS) may increase, potentially making the stock more attractive to investors.
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