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An update from Prosus ( (PROSF) ) is now available.
Prosus has updated its repurchase program for its ordinary shares and those of Naspers, repurchasing over 5 million shares between December 16 and December 20, 2024, at an average price of €40.0066 per share, totaling over €203 million. This move is part of a broader strategy to manage its share capital efficiently, likely impacting its market positioning and stakeholder interests by potentially bolstering share value and investor confidence.
More about Prosus
Prosus is a global technology company focused on harnessing AI to serve its 2 billion customers. The company invests in more than 100 companies worldwide, aiming to build local e-commerce leaders in burgeoning markets. Prosus holds strong positions in sectors like Food Delivery, Classifieds, and Fintech and fosters a unique tech ecosystem that encourages innovation and growth. Through its Prosus Ventures team, the company invests in emerging technologies across various fields such as AI, fintech, health, and agriculture, supporting entrepreneurs leveraging technology to enhance everyday life.
YTD Price Performance: 37.17%
Average Trading Volume: 5,493
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $96.25B
Learn more about PROSF stock on TipRanks’ Stock Analysis page.
