The latest announcement is out from Standard Chartered ( (GB:STAN) ).
Standard Chartered PLC announced the purchase of 891,878 of its ordinary shares as part of a share buy-back program. The shares were acquired at prices ranging from 1,002 to 1,078 GB pence, with a volume-weighted average price of 1,039.3833 GB pence. This move, which involves canceling the purchased shares, is expected to reduce the total number of ordinary shares in issue to 2,383,569,201, potentially enhancing shareholder value and optimizing the company’s capital structure.
More about Standard Chartered
Standard Chartered PLC is a leading international banking group, primarily focused on providing financial services and products across Asia, Africa, and the Middle East. The company offers a range of services including personal banking, corporate banking, wealth management, and investment solutions.
YTD Price Performance: 23.08%
Average Trading Volume: 6,309
Technical Sentiment Signal: Strong Sell
Current Market Cap: $35.45B
For a thorough assessment of STAN stock, go to TipRanks’ Stock Analysis page.