EverCommerce Announced That Its Board Of Directors Has Approved A $50 Million Increase To Its Previously Approved Share Repurchase Program
Portfolio Pulse from Benzinga Newsdesk
EverCommerce has announced that its Board of Directors has approved a $50 million increase to its previously approved share repurchase program.
May 22, 2024 | 11:40 am
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EverCommerce's Board of Directors has approved a $50 million increase to its share repurchase program, which is likely to positively impact the stock price in the short term.
Share repurchase programs typically reduce the number of outstanding shares, which can increase the value of remaining shares and signal confidence from the company's management. This is likely to have a positive short-term impact on EverCommerce's stock price.
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