On Aug 14, Plexus Approved A New Share Repurchase Program To Repurchase Up To $50M Of Common Stock
Portfolio Pulse from Benzinga Newsdesk
Plexus Corp. has approved a new share repurchase program to buy back up to $50 million of its common stock, as per an SEC filing on August 14.
August 16, 2024 | 12:08 pm
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Plexus Corp. has approved a new share repurchase program to buy back up to $50 million of its common stock, which could positively impact its stock price in the short term.
Share repurchase programs typically reduce the number of outstanding shares, which can increase earnings per share (EPS) and often lead to a higher stock price. This move signals confidence from the company in its financial health and future prospects.
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