Transaction in Own Shares
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Shell plc announced the purchase of its own shares as part of its ongoing buy-back program. On November 13, 2024, Shell bought 75,000 shares on the LSE and 48,000 shares on XAMS, with the highest price paid being £25.3450 and €30.8250 respectively.
November 13, 2024 | 6:00 pm
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Shell plc has executed a share buy-back, purchasing 75,000 shares on the LSE and 48,000 on XAMS. This is part of their ongoing buy-back program.
The buy-back of shares typically indicates that the company believes its stock is undervalued, which can lead to a positive short-term impact on the stock price. The purchase of a significant number of shares on major exchanges like LSE and XAMS suggests a strong commitment to the buy-back program.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100