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Global-e Online Announces $200M Stock Buyback, Shares Surge 5%
Global-e Online Announces $200M Stock Buyback, Shares Surge 5%
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BTCCSquare news:
Global-e Online (GLBE) shares climbed nearly 5% on Thursday after the e-commerce facilitator unveiled its first-ever stock repurchase program. The $200 million authorization signals management's confidence in cash FLOW generation and commitment to shareholder value.
The buyback allows open market purchases of up to 5.7 million shares at current prices, representing about 3.4% of outstanding stock. CFO Ofer Koren emphasized the company's strong balance sheet position, enabling both strategic investments and capital return initiatives.
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