An update from J D Wetherspoon ( (GB:JDW) ) is now available.
J D Wetherspoon plc announced the purchase of 79,000 of its own ordinary shares at prices ranging from 550 to 560 pence per share, with a weighted average price of 558.6452 pence. The company intends to cancel these shares, which is a strategic move that could potentially enhance shareholder value by reducing the number of shares outstanding, thereby increasing the value of remaining shares.
More about J D Wetherspoon
J D Wetherspoon plc operates in the hospitality industry, primarily focusing on managing pubs and bars across the UK. The company is known for offering affordable food and drinks, catering to a wide range of customers in the casual dining sector.
YTD Price Performance: -6.58%
Average Trading Volume: 561,450
Technical Sentiment Signal: Buy
Current Market Cap: £629.5M
Learn more about JDW stock on TipRanks’ Stock Analysis page.