Astrana Health, Inc. Announces Share Repurchase of 300,000 Shares
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Astrana Health, Inc. (NASDAQ: ASTH) has repurchased 300,000 shares of its common stock for $10.551 million, at a price of $35.17 per share, which was the closing price on January 17, 2025.
January 21, 2025 | 1:00 pm
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Astrana Health has executed a share repurchase of 300,000 shares at $35.17 each, totaling $10.551 million. This buyback could signal management's confidence in the company's value and potentially support the stock price.
The share repurchase indicates that Astrana Health's management believes the stock is undervalued or a good investment, which can be a positive signal to the market. This action reduces the number of shares outstanding, potentially increasing earnings per share and supporting the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100