Under Armour Announces $500M Share Repurchase Program
Portfolio Pulse from Benzinga Newsdesk
Under Armour has announced a $500 million share repurchase program, which is expected to positively impact the company's stock price in the short term.
May 16, 2024 | 11:31 am
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POSITIVE IMPACT
Under Armour's $500 million share repurchase program is likely to boost investor confidence and increase the stock price in the short term.
Share repurchase programs typically reduce the number of outstanding shares, increasing the value of remaining shares and signaling management's confidence in the company's future.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Under Armour's $500 million share repurchase program is likely to boost investor confidence and increase the stock price in the short term.
Share repurchase programs typically reduce the number of outstanding shares, increasing the value of remaining shares and signaling management's confidence in the company's future.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100