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

1. PRTH announces a $40 million share repurchase program. 2. This reflects confidence in the company’s fundamental performance.

Shares Buyback
+4.04%Current Return
VS
+2.05%S&P 500
$7.806/23 08:45 AM EDTEvent Start
$8.11506/24 01:24 PM EDTLatest Updated
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FAQ

Why Bullish?

Share repurchase programs typically signal management's confidence in the company's value, historically leading to a stock price increase. For instance, many companies that initiated similar buybacks saw immediate positive investor reactions and long-term price appreciation.

How important is it?

The announcement of a share repurchase program can significantly influence investor perception and bolster stock price, showcasing confidence in the company’s financial health and growth potential.

Why Short Term?

Investors might react quickly to the buyback announcement, leading to an immediate price increase. Historical buyback announcements often result in short-term stock price upticks as investors view it as a positive signal.

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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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