Stellantis N.V. (IT:STLAM) has released an update.
Stellantis N.V. has actively pursued its 2024 Share Buyback Program, repurchasing 19,772,737 common shares for a total of €501.7 million since February 28, 2024. The buyback forms a part of a plan to acquire up to €1 billion worth of shares in the open market by June 5, 2024, with the company now holding 4.01% of its total issued share capital in treasury. These strategic moves, aimed at enhancing shareholder value, are detailed on the company’s website and in their latest weekly report.
For further insights into IT:STLAM stock, check out TipRanks’ Stock Analysis page.
