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Perion Expands its Current Share Repurchase Program to a Total of $125 Million

1. Perion expands share repurchase program by $50 million to $125 million total. 2. The company has repurchased 5.2 million shares, totaling $46.8 million.

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FAQ

Why Bullish?

Share buybacks typically increase shareholder value by reducing supply. Historical cases, such as Apple, show strong price appreciation following similar actions.

How important is it?

The announcement indicates strong confidence in future performance, likely boosting investor sentiment.

Why Short Term?

Immediate market reactions often occur following buyback announcements, leading to short-term stock price gains.

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NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)-- #tech--Perion Network Ltd. (NASDAQ and TASE: PERI), a leader in advanced technology solving for the complexities of modern advertising, announced today that its Board of Directors authorized a $50 million expansion of the previously authorized share repurchase program of $75 million of its outstanding shares, to a total of $125 million. As of December 31, 2024, the company repurchased a total of 5.2 million shares, at a total amount of $46.8 million. The e.

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