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The latest announcement is out from IG Group Holdings ( (GB:IGG) ).
IG Group Holdings plc announced its recent purchase of 80,279 ordinary shares at prices ranging from 992.50 to 1,001.00 pence per share, with an average price of 995.89 pence, as part of its ongoing share buyback program. The company intends to hold these shares in treasury, which now totals 8,526,046 shares, with 353,031,822 shares remaining in issue. This purchase is part of a broader strategy to manage its capital structure, having acquired 514,636 shares since early February at a cost of over £5 million, potentially enhancing shareholder value and indicating confidence in the company’s market position.
More about IG Group Holdings
IG Group Holdings plc operates in the financial services industry, primarily offering online trading and investment services to a broad range of clients. The company focuses on providing platforms for trading financial derivatives, such as contracts for difference (CFDs), and spread betting, aiming to cater to both retail and institutional investors globally.
YTD Price Performance: 1.63%
Average Trading Volume: 983,602
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £3.52B
For a thorough assessment of IGG stock, go to TipRanks’ Stock Analysis page.
