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Webjet Limited ( (AU:WEB) ) has shared an announcement.
Web Travel Group Limited has announced an update regarding its ongoing on-market buy-back of ordinary fully paid securities. The company reported that a total of 390,870 securities were bought back on the previous day, adding to the cumulative total of 10,218,881 securities bought back before that day. This buy-back initiative may impact the company’s stock structure and could potentially influence its market positioning by reducing the number of outstanding shares, thereby possibly enhancing shareholder value.
More about Webjet Limited
Web Travel Group Limited operates in the travel and tourism industry, offering a range of services focused on online travel bookings. The company is known for its comprehensive travel solutions and aims to cater to a wide market of travelers seeking convenient and cost-effective travel planning.
YTD Price Performance: 0%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.13B
Learn more about WEB stock on TipRanks’ Stock Analysis page.
