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Redwood Trust Announces Upsized Common Stock Repurchase Authorization to $150 Million

1. Redwood Trust increased its stock repurchase authorization to $150 million. 2. The repurchase has no time limit, enhancing shareholder value.

Shares Buyback
-10.46%Current Return
VS
-0.34%S&P 500
$6.0707/30 07:17 AM EDTEvent Start
$5.43507/31 02:13 PM EDTLatest Updated
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FAQ

Why Bullish?

Increased buyback signals management's confidence and can lead to higher share prices, similar to previous buyback programs enhancing stock performance.

How important is it?

The upsized repurchase program directly influences the share price and demonstrates management's positive outlook on company valuation.

Why Short Term?

Immediate impact anticipated on share price as buybacks generally boost demand, demonstrated in past buyback scenarios where stock prices rallied shortly after announcements.

Related Companies

RWT
MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, today announced that its Board of Directors has upsized the Company's authorization to repurchase common stock to $150 million. This stock repurchase authorization has no time limit and may be modified, suspended or discontinued at any time. The Board of Directors also continued its previous authorization for the repurchase of out.

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