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Stock impact report

Manhattan Associates (MANH) Stock Trades Up, Here Is Why [Yahoo! Finance]

Manhattan Associates, Inc. (MANH) 
Last manhattan associates, inc. earnings: 4/21 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.manh.com
Company Research Source: Yahoo! Finance
company announced that its board of directors approved an increase in its share repurchase authority to $500 million from $100 million. This move, effective immediately, meant the company could buy back a larger amount of its own stock from the market. Such actions can reduce the number of shares available to the public, which may increase the value of the remaining shares. A larger buyback program often signals that a company's leadership believes its stock is a good investment and is confident in its future performance. One report noted that the company's management had already been actively repurchasing shares prior to this increased authorization. Is now the time to buy Manhattan Associates? Access our full analysis report here, it's free What Is The Market Telling Us Manhattan Associates's shares are somewhat volatile and have had 13 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not somethin Show less Read more
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