The latest announcement is out from Standard Chartered ( (GB:STAN) ).
Standard Chartered PLC announced the purchase of 850,000 of its ordinary shares as part of its ongoing share buy-back program. The shares were acquired at a volume-weighted average price of 1,145.3680 GB pence, with the intention to cancel them, thereby reducing the total number of shares in issue to 2,385,345,079. This move is expected to impact the company’s capital structure and potentially enhance shareholder value by reducing the number of shares outstanding.
More about Standard Chartered
Standard Chartered PLC is a leading international banking group, offering a wide range of financial services and products across its global network. The company focuses on serving clients in Asia, Africa, and the Middle East, leveraging its deep local knowledge and expertise in these markets.
YTD Price Performance: 22.28%
Average Trading Volume: 6,487
Technical Sentiment Signal: Sell
Current Market Cap: $34.89B
For detailed information about STAN stock, go to TipRanks’ Stock Analysis page.