Transaction in Own Shares
Portfolio Pulse from
Shell plc announced the purchase of its own shares on December 13, 2024, as part of its ongoing share buy-back program. The company bought 1,250,000 shares on the LSE and 900,000 shares on XAMS.
December 13, 2024 | 6:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Shell plc purchased 1,250,000 shares on the LSE and 900,000 shares on XAMS as part of its share buy-back program, potentially supporting its stock price.
The buy-back of 2.15 million shares indicates Shell's commitment to returning value to shareholders, which is generally perceived positively by the market. This action can reduce the number of shares outstanding, potentially increasing earnings per share and supporting the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100