Werner Enterprises Announces New Stock Buyback Authorization Of Up To 5M Shares Of Common Stock; Withdraws The Previous Stock Repurchase Authorization, Which Had ~1.6M Shares Remaining
Portfolio Pulse from Benzinga Newsdesk
Werner Enterprises (NASDAQ:WERN) has announced a new stock buyback authorization for up to 5 million shares, replacing the previous authorization which had 1.6 million shares remaining.
May 15, 2024 | 8:30 pm
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Werner Enterprises has announced a new stock buyback authorization for up to 5 million shares, replacing the previous authorization which had 1.6 million shares remaining.
The new stock buyback program indicates the company's confidence in its financial health and future prospects. This is likely to be viewed positively by investors, potentially leading to a short-term increase in the stock price.
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