Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Standard Chartered ( (GB:STAN) ) has shared an update.
Standard Chartered PLC announced the purchase of 1,275,000 of its ordinary shares as part of its ongoing share buy-back program. The shares were acquired at prices ranging from 1,038.5000 to 1,065.0000 GB pence across various trading venues, including the London Stock Exchange and CBOE. The company plans to cancel these shares, reducing its total number of shares in issue to 2,361,269,157, which will also be the total number of voting rights. This move is part of Standard Chartered’s strategy to manage its capital structure and enhance shareholder value.
More about Standard Chartered
Standard Chartered PLC is a multinational banking and financial services company incorporated in England and Wales. It operates primarily in the financial sector, offering a range of services including personal banking, corporate banking, and wealth management. The company has a significant presence in Asia, Africa, and the Middle East, focusing on emerging markets.
Average Trading Volume: 946,267
Technical Sentiment Signal: Buy
Current Market Cap: HK$256.8B
See more insights into STAN stock on TipRanks’ Stock Analysis page.