Heritage Global Approved Amendment To Its Existing Share Repurchase Program; Increased Repurchase From $4M To $6M
Portfolio Pulse from Benzinga Newsdesk
Heritage Global has approved an amendment to its existing share repurchase program, increasing the repurchase amount from $4 million to $6 million, as per an SEC filing.
September 16, 2024 | 8:05 pm
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Heritage Global has increased its share repurchase program from $4 million to $6 million. This move indicates the company's confidence in its stock value and could positively impact the stock price in the short term.
The increase in the share repurchase program suggests that Heritage Global believes its stock is undervalued or a good investment, which often leads to a positive market reaction. This action can reduce the number of shares available, potentially increasing the stock price.
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IMPORTANCE 80
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