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Franklin Covey Co. Announces Replenishment of Share Repurchase Program Up to $50 Million and Adoption of Rule 10b5-1 Trading Plan

1. Franklin Covey has authorized a $50 million stock buyback. 2. This move signals confidence in FC's market position and financial health.

Shares Buyback
-0.36%Current Return
VS
+0.01%S&P 500
$19.6808/13 04:32 PM EDTEvent Start
$19.6108/14 11:18 PM EDTLatest Updated
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FAQ

Why Bullish?

Stock buybacks generally indicate management's confidence in future performance. Historical examples show buybacks often lead to price appreciation, as seen in companies like Apple.

How important is it?

The stock buyback may signal stability and growth potential for FC, influencing investor sentiment positively.

Why Short Term?

Buyback announcements typically impact stock performance quickly, influencing near-term trading activity. Immediate demand for shares may boost the stock price.

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SALT LAKE CITY--(BUSINESS WIRE)--Franklin Covey Co. (NYSE: FC), a leader in organizational performance improvement that creates and distributes world-class solutions, including content, training, processes, and tools that organizations and individuals use to achieve systemic changes in human behavior to transform their results, today announced that its Board of Directors has approved replenishing the Company's authorization to repurchase up to an aggregate amount of $50 million of its outstandi.

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