STMicroelectronics (STM) has released an update.
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STMicroelectronics has announced the repurchase of 317,000 of its own shares, valued at over EUR 8 million, as part of its ongoing share buy-back program. This move is part of their strategy to fulfill obligations related to share allocations for employees and management. With this transaction, the company now holds approximately 1.2% of its total issued share capital in treasury shares.
For further insights into STM stock, check out TipRanks’ Stock Analysis page.
