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Priority Technology Holdings, Inc. Announces New $40 Million Share Repurchase Authorization

1. Priority Technology announced a $40 million share repurchase program. 2. The initiative signals strong confidence in the company's fundamentals.

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Why Bullish?

Share repurchase programs often lead to stock price appreciation due to reduced supply and positive signaling about company performance. Historically, companies like Apple and Microsoft have seen price increases following similar initiatives, reflecting enhanced market confidence.

How important is it?

The announcement of a substantial buyback indicates the company's strong market position and expectation of future growth, making it highly relevant to PRTH's stock performance.

Why Short Term?

The repurchase program can lead to immediate positive market reactions and potential short-term price gains, comparable to recent actions by companies like Overstock.com which saw their stock prices rise swiftly after announcing buybacks.

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ALPHARETTA, Ga.--(BUSINESS WIRE)--Priority Technology Holdings, Inc. (NASDAQ: PRTH) (“Priority” or the “Company”), the payments and banking fintech that streamlines collecting, storing, lending, and sending money to unlock revenue opportunities, today announced that its Board of Directors has approved a new $40 million share repurchase program of the Company's outstanding stock. "Our new share repurchase program reflects our confidence in Priority's robust business fundamentals and long-term gr.

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