Targeting stocks with recently announced buyback programs can be beneficial for investors. Buyback programs can be seen as a signal of confidence by the company’s management in the future prospects of the business. When a company announces a buyback program, it indicates that it believes its stock is undervalued and that it has excess cash available to repurchase shares, which can be interpreted as a positive sign for investors. Buybacks can also potentially increase the value of the remaining shares by reducing the total number of shares outstanding, which could lead to higher earnings per share and potentially higher stock prices.
Here are three stock buybacks for the week –
Imperial Petroleum Inc. – SYM: IMPP
Recent Price: $1.37
Buyback Action: The Board of Directors authorized a new $10 million share repurchase program, equal to around 29% of its market cap at announcement.
Description: Imperial Petroleum Inc. provides international seaborne transportation services to oil producers, refineries, and commodities traders. It carries refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals, crude oils, iron ore, coal and grains, and minor bulks, such as bauxite, phosphate, and fertilizers.
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WARNING: 110 Banks Preparing for Digital Dollar
If you have any money in the U.S. banking system, pay close attention because…
Bank of America is warning its clients that ALL checking accounts are likely to be replaced with digital dollars soon.
And it’s not just Bank of America….the former VP of a major U.S. investment bank just released a list with more than 110 banks that are preparing to do the same.
If your bank is on this list, you’ll need to move your cash by the end of this month… or risk your entire life savings.
Click here to see the full list.
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PHINIA Inc. – SYM: PHIN
Recent Price: $26.97
Buyback Action: The Board of Directors approved a new $150 million share repurchase program, equal to around 11.48% of its market cap at announcement.
Description: PHINIA Inc. develops and manufactures gasoline and diesel fuel injection components and systems. The company also sells products and services to independent aftermarket customers and original equipment service customers with new and remanufactured products. Its product portfolio includes a range of solutions covering the fuel injection, electronics and engine management, starters and alternators, maintenance, test equipment, and vehicle diagnostics categories. The company was incorporated in 2023 and is based in Auburn Hills, Michigan.
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See What One Ticker… One Trade… EVERY WEEK…Can Do for YOU
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Upland Software, Inc. – SYM: UPLD
Recent Price: $4.16
Buyback Action: The Board of Directors authorized a new $15 million share repurchase program equal to around 12.38% of its market cap at announcement.
Description: Upland Software, Inc. provides cloud-based enterprise work management software in the United States, the United Kingdom, Canada, and internationally. It offers a family of software applications under the Upland brand in the areas of marketing, sales, contact center, project management, information technology, business operations, and human resources and legal. The company also provides professional services, such as implementation, data extraction, integration and configuration, and training services, as well as customer support services. It serves large global corporations, various government agencies, and small and medium-sized businesses, as well as financial, consulting, technology, manufacturing, media, telecommunication, political, healthcare, life sciences, and retail and hospitality sectors. The company was formerly known as Silverback Enterprise Group, Inc. and changed its name to Upland Software, Inc. in November 2013. Upland Software, Inc. was incorporated in 2010 and is headquartered in Austin, Texas.
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Elon Musk’s ChatGPT Could Soon Mint New Millionaires
Elon Musk made $180 million on PayPal, $47 Billion on SpaceX, and $94.2 Billion on Tesla. He’s about to shock the world again with his new AI project: HIS version of ChatGPT…
Learn how to profit from it with this one simple move.
![🧐 In this video, Dylan discusses a recent Bloomberg article that sheds light on the hidden dynamics within the crypto market.
[Bloomberg Article - https://www.bloomberg.com/news/articles/2024-05-15/crypto-deals-kol-investors-get-big-valuation-discounts]
From influencers to financial gurus, many key opinion leaders (KOLs) are being paid handsomely to promote certain cryptocurrencies, often leading to classic pump-and-dump schemes.
🚨 Buyer Beware: If you're investing in crypto, it's crucial to understand the game being played. As Dylan's grandfather used to say, "If you don't know who the patsy at the table is, you're the patsy." This timeless advice is more relevant than ever in today's volatile crypto landscape.
📈 Whether you're a seasoned investor or new to the crypto space, this video offers essential insights to help you navigate these murky waters. Dylan is not here to debate the legitimacy or utility of cryptocurrencies but to ensure you are aware of the tactics used to manipulate the market.
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