Itron Approves New $100M Share Buyback Program
Portfolio Pulse from Benzinga Newsdesk
Itron has approved a new $100 million share buyback program, indicating confidence in its financial health and future prospects. This move is likely to positively impact the company's stock price in the short term.
September 23, 2024 | 8:26 pm
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Itron has approved a $100 million share buyback program, which is a positive signal to investors about the company's financial health and future prospects. This move is likely to support the stock price in the short term.
Share buyback programs typically indicate that a company believes its stock is undervalued and is confident in its financial stability. This can lead to an increase in stock price as the buyback reduces the number of shares available, potentially increasing earnings per share.
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