Laureate Education shares are trading higher after the company announced plans for a stock repurchase program to acquire up to $100 million of common stock.
Portfolio Pulse from Benzinga Newsdesk
Laureate Education's stock is rising following the announcement of a $100 million stock repurchase program.
September 13, 2024 | 2:10 pm
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Laureate Education announced a $100 million stock repurchase program, leading to a rise in its stock price.
The announcement of a stock repurchase program typically signals confidence from the company in its own financial health and can lead to an increase in stock price due to reduced supply and increased demand. This is reflected in the immediate rise in Laureate Education's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100