Waterdrop Plans To Repurchase Its Own Ordinary Shares In Form Of ADSs With Aggregate Value Of Up To $50M During The 12-month Period Through September 9, 2025
Portfolio Pulse from Benzinga Newsdesk
Waterdrop has announced a plan to repurchase its own ordinary shares in the form of ADSs, with a total value of up to $50 million, over a 12-month period ending on September 9, 2025.
September 04, 2024 | 10:28 am
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POSITIVE IMPACT
Waterdrop's announcement to repurchase up to $50 million of its own shares in ADS form could positively impact its stock price by reducing the number of shares available in the market, potentially increasing earnings per share.
Share repurchase programs often lead to a positive impact on stock prices as they reduce the number of shares available in the market, which can increase the earnings per share and signal management's confidence in the company's future. This buyback plan is significant given its $50 million value.
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