Nisun International shares are trading higher after the company announced it repurchased 39,112 shares of its stock at an average price of $14.1263 per share for total proceeds of $552,508 under its $15 million share buyback program.
Portfolio Pulse from Benzinga Newsdesk
Nisun International's stock price increased following the announcement of a share repurchase of 39,112 shares at an average price of $14.1263, totaling $552,508, as part of its $15 million buyback program.
October 25, 2024 | 1:18 pm
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Nisun International's stock price is trading higher due to the company's recent share repurchase, which is part of a larger $15 million buyback program.
The share repurchase indicates confidence from the company in its own stock, which often leads to a positive market reaction. The buyback reduces the number of shares outstanding, potentially increasing earnings per share and stock value.
CONFIDENCE 90
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RELEVANCE 100