The latest announcement is out from Pearson ( (GB:PSON) ).
Pearson PLC announced the purchase of 178,725 of its ordinary shares as part of its £350 million share buyback program, with the current tranche valued at £175 million. This strategic move is aimed at enhancing shareholder value by reducing the number of shares in circulation, potentially increasing earnings per share and demonstrating confidence in the company’s financial health.
More about Pearson
Pearson PLC is a leading company in the education sector, primarily offering educational materials, technologies, and services to schools, colleges, and universities worldwide. The company focuses on providing innovative learning solutions and has a significant presence in the global education market.
YTD Price Performance: -2.86%
Average Trading Volume: 1,625,724
Technical Sentiment Signal: Sell
Current Market Cap: £8.01B
See more data about PSON stock on TipRanks’ Stock Analysis page.