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The latest announcement is out from Tenaris SA ( (TS) ).
Tenaris S.A. has provided an update on its ongoing USD 700 million Share Buyback Program, initially announced in November 2024. Between December 23 and 27, the company repurchased 565,204 ordinary shares for approximately USD 10.6 million, strengthening its treasury share position to 77,981,910 shares, which represents 6.71% of its total issued share capital. The company plans to cancel these treasury shares in due course, a move that could potentially enhance shareholder value and improve its market positioning.
More about Tenaris SA
Tenaris is a leading global supplier of steel tubes and related services, catering primarily to the energy industry and certain other industrial applications.
YTD Price Performance: 13.17%
Average Trading Volume: 1,555,572
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $22.08B
For an in-depth examination of TS stock, go to TipRanks’ Stock Analysis page.
