Boise Cascade Board Authorizes Repurchase Of Additional 1.4M Shares Of Common Stock Under Existing Common Stock Repurchase Program
Portfolio Pulse from Benzinga Newsdesk
Boise Cascade has authorized the repurchase of an additional 1.4 million shares under its existing stock repurchase program, bringing the total authorization to 2 million shares, or about 5% of its outstanding shares.
October 30, 2024 | 10:05 pm
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Boise Cascade has increased its stock repurchase program by authorizing an additional 1.4 million shares, bringing the total to 2 million shares, which is about 5% of its outstanding shares.
The authorization to repurchase additional shares is a positive signal to the market, indicating the company's confidence in its financial health and future prospects. This action can lead to a short-term increase in stock price due to reduced supply and increased demand.
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