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Wetouch Technology (WETH) has issued an update.
Wetouch Technology Inc. has announced a stock repurchase program, authorized by its Board of Directors, to buy back up to $15 million of its common stock. The buyback price range is set between $1 and $4 per share and will be conducted through open market or private transactions. This program, which started on July 1, 2024, is flexible with no minimum share repurchase obligation and will last for a maximum of 12 months or until the Board decides to end it. The company will limit its daily repurchase volume to 25% of the average daily trading volume over the prior 20 days.
For an in-depth examination of WETH stock, go to TipRanks’ Stock Analysis page.