Empery Digital Provides Update on Share Repurchase Program
1. Empery Digital repurchased 363,395 shares at $7.39 each. 2. The buyback utilizes cash from its $100 million program.
1. Empery Digital repurchased 363,395 shares at $7.39 each. 2. The buyback utilizes cash from its $100 million program.
Share buybacks typically signal confidence in company's value. Historical buybacks (e.g., Apple) often lead to stock price increases.
Share buybacks indicate management's positive outlook, likely to attract investor interest.
Immediate market reaction likely due to increased demand from reduced share supply.