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Sonos Announces $150 Million Stock Repurchase Program

1. SONO authorized $150M stock repurchase program; $11M balance expired. 2. Discretionary open market and private transactions support the new authorization.

Shares Buyback
+7.83%Current Return
VS
-0.5%S&P 500
$12.5102/24 04:15 PM EDTEvent Start
$13.4902/25 10:44 PM EDTLatest Updated
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FAQ

Why Bullish?

The repurchase signals management’s confidence in SONO’s value and reduces share count, which has historically led to positive short-term price movements, as seen with companies like Apple.

How important is it?

A substantial repurchase program indicates board confidence and can drive short-term price gains, though its overall impact remains contingent on market conditions.

Why Short Term?

Buyback programs usually offer immediate price support by reducing the float and boosting investor sentiment, though long-term effects depend on broader market factors.

Related Companies

SANTA BARBARA, Calif.--(BUSINESS WIRE)--Sonos, Inc. (Nasdaq: SONO) today announced that its Board of Directors has authorized a common stock repurchase program of up to $150 million. The $11 million remaining under the company's existing $200 million repurchase program expired upon approval of the new authorization. Under the repurchase program, Sonos may purchase shares of common stock on a discretionary basis from time to time through open market repurchases, privately negotiated transactions.

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