Seadrill Limited (SDRL) has released an update.
Seadrill Limited has been actively purchasing its own shares as part of a share repurchase program, acquiring a total of 190,705 shares at an average price of $50.37 each from June 10 to June 14, 2024. This buyback is part of a larger initiative to repurchase up to $250 million of Seadrill’s common shares by September 30, 2024. Following these transactions, Seadrill has repurchased 5,010,062 shares, amounting to 6.76% of the total issued share count.
For further insights into SDRL stock, check out TipRanks’ Stock Analysis page.
