Daqo New Energy shares are trading higher after the company announced a $100 million share repurchase program.
Portfolio Pulse from Benzinga Newsdesk
Daqo New Energy shares are trading higher following the announcement of a $100 million share repurchase program.
July 22, 2024 | 10:53 am
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Daqo New Energy shares are trading higher after the company announced a $100 million share repurchase program.
The announcement of a share repurchase program typically signals that the company believes its stock is undervalued, which can boost investor confidence and drive the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100