An update from Standard Chartered ( (GB:STAN) ) is now available.
Standard Chartered PLC announced the purchase of 1,186,430 of its ordinary shares as part of a share buy-back program. The shares were purchased at prices ranging from 1,152.5000 to 1,177.0000 GB pence, with a volume-weighted average price of 1,158.4694 GB pence. The company plans to cancel these shares, reducing the total number of shares in issue to 2,393,318,924, thereby impacting the total voting rights. This buy-back is part of a strategic move to manage the company’s capital structure and enhance shareholder value.
More about Standard Chartered
Standard Chartered PLC is a multinational banking and financial services company, offering a wide range of products and services including retail and corporate banking, wealth management, and treasury services. The company primarily focuses on markets in Asia, Africa, and the Middle East.
YTD Price Performance: 18.89%
Average Trading Volume: 6,231
Technical Sentiment Signal: Sell
Current Market Cap: $35.59B
Learn more about STAN stock on TipRanks’ Stock Analysis page.