IG Group Holdings ( (GB:IGG) ) has shared an announcement.
IG Group Holdings plc announced the repurchase of 97,749 ordinary shares from Morgan Stanley & Co. International Plc, as part of a buyback program initiated earlier in the year. This transaction reflects IG Group’s ongoing strategy to manage its capital structure effectively, holding the repurchased shares in treasury, and potentially enhancing shareholder value by reducing the number of shares in circulation.
More about IG Group Holdings
IG Group Holdings plc operates in the financial services industry, primarily offering online trading and investment services. The company focuses on providing platforms for trading financial derivatives such as contracts for difference (CFDs) and spread betting, catering to retail and institutional clients globally.
YTD Price Performance: -2.82%
Average Trading Volume: 1,099,914
Technical Sentiment Signal: Sell
Current Market Cap: £3.33B
Learn more about IGG stock on TipRanks’ Stock Analysis page.