Prudential shares are trading higher after the company announced a $2 billion buyback.
Portfolio Pulse from Benzinga Newsdesk
Prudential shares are trading higher following the announcement of a $2 billion buyback.
June 24, 2024 | 2:30 pm
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Prudential's shares are experiencing a rise in price due to the announcement of a $2 billion buyback, which is generally seen as a positive signal by investors.
A buyback typically indicates that the company believes its shares are undervalued and is confident in its financial health. This often leads to a short-term increase in stock price as demand for the shares rises.
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