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Motorcar Parts of America Adopts 10b5-1 Share Repurchase Plan

1. MPAA adopts a trading plan for share repurchases under SEC Rule 10b5-1. 2. Company has $16.2 million remaining for buybacks as of December 2024.

Shares Buyback
-8.71%Current Return
VS
-2.15%S&P 500
$10.103/27 08:45 AM EDTEvent Start
$9.2203/28 03:05 PM EDTLatest Updated
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FAQ

Why Bullish?

The adoption of a trading plan suggests strong management confidence, enhancing shareholder value. Historical data show that prior repurchase announcements have led to positive price reactions for similar companies.

How important is it?

Given that share buybacks can indicate financial health and used to manage stock price, this news may positively influence investor sentiment and trading activity.

Why Short Term?

The immediate market reaction is likely to reflect the buyback plan, while long-term effects depend on overall business performance. Previous patterns show that such announcements typically result in short-term price increases.

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LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq: MPAA) today announced the company has adopted a written trading plan under Rule 10b5-1 of the Securities and Exchange Commission rule to facilitate share repurchases under its current $37 million authorized program, with $16.2 million available as of December 31, 2024. As disclosed in the company's 10-Q filing for its fiscal third quarter ended December 31, 2024, the company repurchased 268,130 shares for $2.1 million at an.

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