Kogan.com Ltd. ( (AU:KGN) ) has issued an update.
Kogan.com Ltd. has announced an update regarding its ongoing on-market buy-back program, revealing that a total of 8,795,589 securities have been bought back before the previous day, with an additional 20,904 securities purchased on the previous day. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value by reducing the number of outstanding shares.
More about Kogan.com Ltd.
Kogan.com Ltd. is an Australian-based e-commerce company that primarily focuses on retailing a wide range of consumer goods online. The company is known for offering competitive prices on electronics, home appliances, and various other products, targeting cost-conscious consumers in the Australian market.
YTD Price Performance: 1.14%
Technical Sentiment Signal: Sell
Current Market Cap: $302.6M
For detailed information about KGN stock, go to TipRanks’ Stock Analysis page.