LiveRamp Increases Share Repurchase By $200M To $1.3B And Extends Expiration By Two Years To Dec. 31, 2026
Portfolio Pulse from Benzinga Newsdesk
LiveRamp has increased its share repurchase program by $200 million, bringing the total to $1.3 billion, and extended the expiration date by two years to December 31, 2026.
August 14, 2024 | 8:16 pm
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POSITIVE IMPACT
LiveRamp has increased its share repurchase program by $200 million, bringing the total to $1.3 billion, and extended the expiration date by two years to December 31, 2026. This move is likely to positively impact the stock price in the short term as it signals confidence in the company's financial health and commitment to returning value to shareholders.
Increasing the share repurchase program and extending its duration indicates that LiveRamp is confident in its financial stability and is committed to enhancing shareholder value. This is generally viewed positively by investors, leading to a likely short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100