Bowman Board Authorizes Increase To Its Previously Announced Share Repurchase Program From $10M To Up To $25M
Portfolio Pulse from Benzinga Newsdesk
Bowman Board has authorized an increase in its share repurchase program from $10 million to up to $25 million, with $20.8 million still available. The termination date has been extended to August 31, 2025.
August 16, 2024 | 11:28 am
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Bowman Board has increased its share repurchase program from $10 million to $25 million, with $20.8 million still available. The termination date has been extended to August 31, 2025.
The increase in the share repurchase program indicates that the company is confident in its financial health and believes its stock is undervalued. This is generally seen as a positive signal by investors, likely leading to a short-term increase in the stock price.
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IMPORTANCE 80
RELEVANCE 100