The latest announcement is out from J D Wetherspoon ( (GB:JDW) ).
J D Wetherspoon plc has announced the purchase of 614,000 of its own ordinary shares at prices ranging from 542.99 to 555.00 pence per share, with a weighted average price of 550.9397 pence. The company intends to cancel these shares, a move that could potentially impact its share value and market positioning by reducing the number of shares in circulation, thereby increasing the value of remaining shares and potentially enhancing shareholder value.
More about J D Wetherspoon
J D Wetherspoon plc operates in the hospitality industry, primarily focusing on running pubs and bars across the United Kingdom. The company is known for offering a wide range of food and beverages, including alcoholic drinks, at competitive prices, catering to a broad market segment.
YTD Price Performance: -7.50%
Average Trading Volume: 592,673
Technical Sentiment Signal: Strong Buy
Current Market Cap: £625.3M
See more data about JDW stock on TipRanks’ Stock Analysis page.