JD.com Plans $5.0B New Share Repurchase Program
Portfolio Pulse from Benzinga Newsdesk
JD.com has announced a new share repurchase program, allowing the company to buy back up to $5 billion worth of its shares over the next 36 months, ending in August 2027.
August 27, 2024 | 10:01 am
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JD.com has initiated a $5 billion share repurchase program, which will allow the company to buy back its shares over the next 36 months. This move is often seen as a sign of confidence in the company's future prospects and can positively impact the stock price.
Share repurchase programs are typically viewed positively by investors as they can indicate that the company believes its stock is undervalued. By reducing the number of shares outstanding, earnings per share can increase, potentially leading to a higher stock price. This program's size and duration suggest a significant commitment by JD.com to enhance shareholder value.
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