StoneCo announces R$2 billion buyback program
by
Contributor since / Followers
Contributor since / Followers
18 hours ago
- StoneCo (NASDAQ:STNE) said that its Board of Directors, pursuant to written resolutions dated November 21st, 2024, has authorized a share repurchase program, under which Stone may repurchase up to R$2B in outstanding common shares.
- This new share repurchase program replaces the previous share repurchase program announced by Stone on November 14th, 2023.
- Under the former program, Stone repurchased a total of ~13.2M shares at an average price of $13.52 per share, totaling $178.3M.
- The stock price gained 2.3% on Thursday during after market hours of trading.