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Tenaris SA ( (TS) ) just unveiled an update.
Tenaris S.A. announced its ongoing USD 700 million Share Buyback Program, initially unveiled on November 10, 2024, with the aim to repurchase up to 46,373,915 ordinary shares in the open market. From January 13 to January 17, 2025, the company repurchased 844,921 ordinary shares for approximately USD 16.54 million. As of January 17, Tenaris holds 80,425,814 treasury shares, which account for 6.92% of its total issued share capital. The company plans to cancel these shares in the future, potentially affecting its share capital structure and shareholder value.
More about Tenaris SA
Tenaris S.A. is a leading global supplier of steel tubes and related services for the energy industry and certain other industrial applications.
YTD Price Performance: 3.65%
Average Trading Volume: 1,453,646
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $23.02B
For an in-depth examination of TS stock, go to TipRanks’ Stock Analysis page.
