Golden Ocean Group (GOGL) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Golden Ocean Group Limited has announced the extension of its share buy-back program for an additional year, with a maximum budget of $100 million to repurchase up to 10 million shares. As of now, 1,507,328 shares have been repurchased for $11.6 million. The extension, according to Interim CEO Peder Simonsen, is in shareholder interest, aligning with the company’s capital allocation strategy amidst volatile market conditions.
For further insights into GOGL stock, check out TipRanks’ Stock Analysis page.
