AppLovin (APP) has released an update.
AppLovin’s Board of Directors has ramped up its share repurchase program with an additional $1.25 billion, bringing the total to $1.252 billion available for buying back Class A Common Stock. The repurchases, which hinge on market conditions and legalities, can be conducted through open market transactions or private deals, and may also leverage Rule 10b5-1 plans for structured buying. This program is flexible, with no mandatory share acquisition and can be paused at any time.
For further insights into APP stock, check out TipRanks’ Stock Analysis page.
