Pearson ( (GB:PSON) ) has shared an announcement.
Pearson plc has announced the purchase of 159,524 of its ordinary shares on the London Stock Exchange as part of its ongoing £350 million share buyback program. This transaction, executed by Morgan Stanley & Co. International plc, is part of the first £175 million tranche of the buyback initiative, indicating Pearson’s strategic move to enhance shareholder value by reducing the number of outstanding shares.
More about Pearson
YTD Price Performance: -3.02%
Average Trading Volume: 1,605,376
Technical Sentiment Signal: Sell
Current Market Cap: £8.07B
See more data about PSON stock on TipRanks’ Stock Analysis page.