InMode Board Approves Share Repurchase Program Of Up To 7.68M Ordinary Shares
Portfolio Pulse from Benzinga Newsdesk
InMode's board has approved a share repurchase program for up to 7.68 million ordinary shares, which will be funded with available cash. The repurchase can be started, paused, or stopped at any time.
September 10, 2024 | 11:03 am
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InMode has approved a share repurchase program for up to 7.68 million shares, potentially boosting stock prices by reducing supply and signaling confidence in the company's value.
Share repurchase programs often lead to a positive impact on stock prices as they reduce the number of shares available in the market, potentially increasing earnings per share. It also signals management's confidence in the company's financial health.
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