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Hyatt Hotels Corp (H) has provided an update.
On May 9, 2024, the Company revealed plans to invigorate shareholder value by authorizing a $1 billion buyback of its common stock, signaling confidence in its financial strength and commitment to returning capital to investors. Stock repurchases will be conducted at the company’s discretion, influenced by market conditions and legal requirements, and can be halted at any time, showcasing a flexible approach to capital management.
Learn more about H stock on TipRanks’ Stock Analysis page.