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 –
Skillz Inc. – SYM: SKLZ
Recent Price: $8.14
Buyback Action: The Board of Directors authorized a new $65 million share repurchase program, equal to around 36% of its market cap at announcement.
Description: Skillz Inc. operates a mobile game platform in the United States and internationally. The company primarily develops and supports a proprietary online-hosted technology platform that enables independent game developers to host tournaments and provide competitive gaming activity to end-users. The company distributes games through direct app download from its website, as well as through third-party platforms.
Elon Musk’s “Oppenheimer Moment”
Elon Musk, the man who never stops pushing boundaries just did something astonishing. He just unleashed this new project… One that an ex-Google engineer says is more powerful than the atomic bomb. And now…he’s having his own “Oppenheimer moment”. Goldman Sachs economists are already warning that 300 million jobs could simply disappear. One industry insider even warned that “Nobody is safe.” Millions of Americans will be unprepared, but you do NOT have to be one of them.
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LQR House Inc. – SYM: LQR
Recent Price: $0.95
Buyback Action: The Board of Directors authorized a new $2 million share repurchase program, equal to around 17.6% of its market cap at announcement.
Description: LQR House Inc. provides digital marketing and brand development services for the alcoholic beverage business in the United States. Its primary business includes the development of limited batch spirit brands and marketing internal and external brands through an exclusive agreement with an e-commerce portal. The company serves individual consumers, wholesalers, and third-party alcohol brands. LQR House Inc. was incorporated in 2021 and is based in Miami Beach, Florida.
Thanks to a little-known IRS loophole… Regular Americans can collect up to $28,544 (or more) in payouts from what Brad Thomas calls the “Amazon Secret Royalty Program…”And the best part is, there are: NO age or income requirements…NO employment requirements…You NEVER have to shop or sell a single product on Amazon… (It only takes 5 minutes to set up!) And now it’s easier than ever to start taking advantage of “Amazon’s Secret Royalty Program…”
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Xinyuan Real Estate Co., Ltd. – SYM: XIN
Recent Price: $2.90
Buyback Action: The Board of Directors authorized a share repurchase program to repurchase up to 1 million shares, equal to around 18.5% of its market cap at announcement.
Description: Xinyuan Real Estate Co., Ltd., together with its subsidiaries, engages in residential real estate development and construction in the People’s Republic of China, the United States, Malaysia, and the United Kingdom. The company develops residential projects, such as multi-layer apartment buildings, sub-high-rise apartment buildings, high-rise apartment buildings; auxiliary services and amenities, such as retail outlets, leisure and health facilities, kindergartens, and schools, as well as office, mixed-use, and commercial properties. It also acquires development sites through public auctions of government land and acquisitions of entities. In addition, the company provides property management services for its developments and other real estate-related services; offers landscaping, engineering and management, real estate consulting, leasing management, management consulting, and technical services; operates retail stores; and installs intercom systems. Further, it engages in the purchase, sale, lease, and brokerage of real estate; sale of construction materials; development and sale of robots; operation of internet platform for real estate property financing; and provision of electronic commerce and catering services. The company was founded in 1997 and is headquartered in Beijing, the People’s Republic of China.
Navigating Crypto’s Market Rebound
Millions are embracing the Crypto Revolution worldwide. Wall Street’s ‘smart money’ is pouring into the market…And the upcoming Bitcoin halving event– a historic driver for the coin’s price…
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