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The latest announcement is out from POSCO ( (PKX) ).
POSCO Holdings Inc. announced the cancellation of 1,691,425 treasury shares, which accounts for 2% of the total issued shares, as resolved by the Board of Directors on February 19, 2025. This move, scheduled for completion by March 31, 2025, is part of a strategic plan to manage company shares without reducing capital, potentially strengthening shareholder value and market perception.
More about POSCO
POSCO Holdings Inc. is a leading company in the steel industry, known for producing a range of steel products. Based in Seoul, Korea, the company focuses on delivering high-quality steel solutions to meet the demands of various global markets.
YTD Price Performance: 2.16%
Average Trading Volume: 300,150
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $12.75B
For a thorough assessment of PKX stock, go to TipRanks’ Stock Analysis page.
