Why Is Arbutus Biopharma Stock Gaining Friday?
Arbutus Biopharma (ABUS) stock rises after announcing a $230M stock buyback via a modified Dutch auction. Get the offer details.
Arbutus said it will buy back $230 million of its own stock, which can show the company thinks its stock is a good deal right now. When a company buys its own stock, it can be a sign they believe in their future.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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