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Honda Motor Company ( (HMC) ) has shared an update.
On February 4, 2025, Honda Motor Co., Ltd. announced the completion of a significant share acquisition, as authorized by the company’s board meeting on December 23, 2024. Between January 6 and January 31, 2025, Honda acquired 121,485,200 shares of its own common stock, amounting to approximately 184.9 billion yen. This strategic move is part of Honda’s broader plan to acquire up to 1.1 billion shares throughout 2025, reflecting a 23.7% stake of its issued shares, aimed at bolstering shareholder value and enhancing market confidence.
More about Honda Motor Company
Honda Motor Co., Ltd. is a prominent player in the automotive industry, primarily known for manufacturing automobiles, motorcycles, and power equipment. The company is focused on expanding its market presence globally, providing innovative and reliable products, and maintaining a strong commitment to sustainability and technological advancement.
YTD Price Performance: -0.32%
Average Trading Volume: 1,578,279
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $45.79B
Find detailed analytics on HMC stock on TipRanks’ Stock Analysis page.
