#IEX Buyback
It’s about time now. The share has witnessed a huge downfall from its 52-week high and investors seemed worried about the holdings. The board has moved for a strategic move as it is getting ready for the buyback of its shares.
🌟What is Buyback?
It is a buyback when the company repurchases its shares from the open market or the shareholders directly. It is another mode of capital return to the shareholders.
Buyback can be for various purposes including ownership consolidation, reducing the cost of capital, preserving stock prices, etc.
🌟News about IEX Buyback:
So IEX has declared that the company is considering a buyback on November 25th. Currently, details about the buyback such as ex-buyback date, buyback price, etc have not been declared yet.
However, this news is positive news for the investors as the stock price rose due to buying volume momentum on Monday.
