Stellantis (IT:STLAM) has released an update.
Stellantis N.V. has actively proceeded with its 2024 Share Buyback Program, repurchasing a total of 5,231,279 shares at an average price of €14.0414 each, between August 9 and August 15, 2024. The buyback is part of a larger scheme that began on August 1, aiming to purchase up to €1 billion in shares by November 29, 2024. This move is consistent with the company’s ambitious strategy to become a carbon net-zero mobility tech company by 2038, as outlined in its Dare Forward 2030 plan.
For further insights into IT:STLAM stock, check out TipRanks’ Stock Analysis page.