Werner Enterprises Plans New Stock Repurchase Program For Up To 5M Shares Of Its Common Stock
Portfolio Pulse from Benzinga Newsdesk
Werner Enterprises has announced a new stock repurchase program for up to 5 million shares of its common stock. The Board has withdrawn the previous repurchase authorization, which had approximately 1.6 million shares remaining.
May 15, 2024 | 8:57 pm
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Werner Enterprises has initiated a new stock repurchase program for up to 5 million shares, replacing the previous authorization with 1.6 million shares remaining.
The new stock repurchase program indicates that Werner Enterprises is confident in its financial health and future prospects. This move is likely to be viewed positively by investors, potentially leading to a short-term increase in the stock price.
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