MarketWise Announces Common Stock Repurchase Program
MarketWise, Inc. - Class A (MKTW)
Company Research
Source: GlobeNewswire
BALTIMORE, Maryland, Nov. 10, 2021 (GLOBE NEWSWIRE) -- MarketWise, Inc. (NASDAQ: MKTW) (the “Company”), formerly known as Beacon Street Group, a leading multi-brand digital subscription services platform providing premium financial research, software, education, and tools for self-directed investors, today announced that the Board of Directors of the Company authorized the repurchase of up to $35 million in aggregate of shares of the Company’s Class A common stock, with the authorization to expire on November 3, 2023. Mark Arnold, Chief Executive Officer of the Company, commented, “We believe repurchasing shares when it is highly accretive is a proper deployment of capital and provides support for our investors when we view the stock as significantly undervalued. We believe our share price, by most any measure, is under-valued, and we intend to repurchase shares when the returns realized from those repurchases are greater than the returns we can earn organically in our business.
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MKTW
Analyst Actions
- 3/28/24 - UBS
MKTW
Sec Filings
- 4/26/24 - Form DEFA14A
- 4/26/24 - Form DEF
- 3/21/24 - Form 4
- MKTW's page on the SEC website