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Barchart
Barchart
Aditya Raghunath

This Tech CEO Says His Stock is Undervalued, But Should You Invest?

Share buybacks are corporate actions that indicate that a company’s management believes its stock is undervalued. A buyback program generally reduces the number of outstanding shares, effectively boosting a company’s earnings per share in the process. 

Last week, Asana (ASAN) announced a $150 million share buyback program, which is quite sizeable, given the company's market cap of $2.86 billion. 

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