On Aug 7, Star Equity Authorized New Stock Repurchase Program To Repurchase Up To $1M Of Issued And Outstanding Shares Of Common Stock
Portfolio Pulse from Benzinga Newsdesk
Star Equity has authorized a new stock repurchase program to buy back up to $1 million of its issued and outstanding common stock, as per an SEC filing on August 7.
August 12, 2024 | 3:59 pm
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Star Equity has authorized a new stock repurchase program to buy back up to $1 million of its issued and outstanding common stock.
Stock repurchase programs generally signal that the company believes its shares are undervalued, which can lead to a positive short-term impact on the stock price as it reduces the number of shares outstanding and can increase earnings per share.
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