Ryanair Holdings (RYAAY) has released an update.
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Ryanair Holdings has announced the repurchase and cancellation of a significant batch of its ordinary shares as part of its ongoing buy-back program. This move, aimed at enhancing shareholder value, saw the company acquire 144,465 ordinary shares and 93,000 American Depositary Shares at a volume-weighted average price of €18.3600 and US$21.6627, respectively. Investors in the stock market might find this strategy appealing as it often signals confidence in the company’s future performance.
For further insights into RYAAY stock, check out TipRanks’ Stock Analysis page.