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Webjet Limited ( (AU:WEB) ) has issued an update.
Web Travel Group Limited has announced an update regarding its ongoing share buy-back program, which involves repurchasing its ordinary fully paid shares from the market. The daily buy-back notification reveals that a total of 474,338 shares were bought back on the previous day, adding to the cumulative total of 14,715,026 shares already repurchased before that day. This buy-back activity may impact the company’s share valuation and market perception, potentially benefiting remaining shareholders by reducing the number of outstanding shares.
More about Webjet Limited
YTD Price Performance: 0%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.16B
Learn more about WEB stock on TipRanks’ Stock Analysis page.
