IGI Increases Repurchase Authorization From 5M To 7.5M Common Shares
Portfolio Pulse from Benzinga Newsdesk
IGI has increased its share repurchase authorization from 5 million to 7.5 million common shares.
June 11, 2024 | 1:08 pm
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IGI has increased its share repurchase authorization from 5 million to 7.5 million common shares, indicating confidence in its financial health and potentially boosting its stock price.
Increasing the share repurchase authorization suggests that IGI believes its stock is undervalued and is confident in its financial stability. This action is likely to be viewed positively by investors, potentially leading to a short-term increase in the stock price.
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