Plus500 hit by profit taking despite pledging $200m of new buybacks and dividends
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Plus500 Ltd's shares fell 3.8% despite announcing $200 million in buybacks and dividends. The company's revenue grew by 6% to $768.3 million, with trading income up 6% and interest income up 9%.
February 18, 2025 | 9:15 am
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Plus500's shares fell 3.8% as the company announced $200 million in buybacks and dividends. Despite the positive financial results, including a 6% revenue increase, profit-taking led to a decline in stock price.
The announcement of $200 million in buybacks and dividends is typically positive, but the stock price fell due to profit-taking. The financial results were in line with expectations, showing growth in revenue and trading income.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100