Hims & Hers Health (NYSE:HIMS) Board of Directors Announces Stock Repurchase Program
Hims & Hers Health (NYSE:HIMS – Get Free Report) announced that its board has authorized a share buyback program on Monday, November 17th, RTT News reports. The company plans to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.
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