Mitsubishi Electric (JP:6503) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Mitsubishi Electric Corporation has completed a repurchase of 817,900 shares of its common stock at a total cost of JPY 1,996,024,700. The buyback occurred over two days, from August 30 to August 31, 2024, executed through market trades on the Tokyo Stock Exchange. This repurchase is part of a larger plan approved by the Board of Directors to buy back up to 20 million shares for a maximum of JPY 30 billion by the end of October 2024.
For further insights into JP:6503 stock, check out TipRanks’ Stock Analysis page.