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inTEST Corporation Renews Stock Repurchase Plan

1. inTEST Corporation renewed its $10 million stock repurchase plan. 2. Approximately $9 million remains for future stock buybacks.

Shares Buyback
-4.06%Current Return
VS
+0.56%S&P 500
$8.1203/07 06:45 AM EDTEvent Start
$7.7903/10 07:57 AM EDTLatest Updated
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FAQ

Why Bullish?

Share buybacks generally signal confidence and can support stock prices. Historical examples show that such actions often boost investor sentiment and stock performance.

How important is it?

The stock repurchase plan indicates management's commitment to shareholder value, likely improving investor outlook on INTT.

Why Short Term?

The announcement could lead to immediate positive market reactions, typical of stock buyback news. However, sustained impacts depend on broader market conditions.

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MT. LAUREL, N.J.--(BUSINESS WIRE)--inTEST Corporation (NYSE American: INTT), a global supplier of innovative test and process technology solutions for use in manufacturing and testing in key target markets which include semiconductor (“semi”), industrial, automotive/EV, life sciences, defense/aerospace and security, today announced that its Board of Directors has renewed its $10 million stock repurchase plan (“the plan”) which has approximately $9 million remaining. Nick Grant, President and CE.

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