Transaction in Own Shares
Portfolio Pulse from
Shell plc announced the purchase of 1,830,000 shares for cancellation as part of its ongoing share buy-back program. The shares were bought on the LSE and XAMS trading venues.
December 10, 2024 | 6:15 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Shell plc has repurchased 1,830,000 shares as part of its share buy-back program, which is likely to positively impact the stock price by reducing the number of shares outstanding and potentially increasing earnings per share.
The repurchase of shares reduces the total number of shares outstanding, which can lead to an increase in earnings per share and potentially boost the stock price. This action is part of Shell's ongoing buy-back program, indicating a commitment to returning value to shareholders.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100