StoneCo announces R$2 billion buyback program

seekingalpha
22 Nov 2024
  • StoneCo (NASDAQ:STNE) said that its Board of Directors, pursuant to written resolutions dated November 21st, 2024, has authorized a share repurchase program, under which Stone may repurchase up to R$2B in outstanding common shares.
  • This new share repurchase program replaces the previous share repurchase program announced by Stone on November 14th, 2023.
  • Under the former program, Stone repurchased a total of ~13.2M shares at an average price of $13.52 per share, totaling $178.3M.
  • The stock price gained 2.3% on Thursday during after market hours of trading.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10