Actionable Stock Market Trading Newswire. Built for Traders, by Traders.
All news is property of their respective owners.

American Vanguard Shares Gain On $20M Accelerated Share Repurchase Plan

American Vanguard Corp. (NYSE:AVD) has entered into an accelerated share repurchase (ASR) plan. AVD will repurchase $20 million worth of its…
byAkanksha Bakshi
August 23, 2022
1 minute read
Total
0
Shares
0
0
0
0
0
0
  • American Vanguard Corp. (NYSE:AVD) has entered into an accelerated share repurchase (ASR) plan.
  • AVD will repurchase $20 million worth of its common stock under the plan. The repurchase will be in addition to its existing 10b5-1 repurchase plan dated March 14, 2022.
  • Chairman and CEO Eric G. Wintemute commented, “By entering into an ASR, we are reaffirming our confidence in both the company’s’ prospects and the value of its common stock while, at the same time, making an investment that is immediately accretive to our stockholders.”
  • AVD held $22.06 million in cash and equivalents as of June 30, 2022. Net cash used in operating activities for the six months totaled $(27.23) million.
  • Price Action: AVD shares are trading higher by 6.72% at $21.27 on the last check Tuesday.
 
Total
0
Shares
Share 0
Tweet 0
Share 0
Share 0
Share 0
Share 0
Related Posts
Read More

Tesla Analysts Size Up Ugly Q1 Numbers: Disaster, Train Wreck, Horror Show, Nightmare — Will Storm Pass Or Are Darker Days Ahead?

By Adam Eckert
April 2, 11:54 AM
Tesla posted its first year-over-year decline in deliveries since 2020 on Tuesday, which sparked a selloff in shares. The EV maker said the decline in volumes was partially due to the production ramp of the updated Model 3, as well as factory shutdowns resulting from the Red Sea conflict and an arson attack at its German gigafactory.

TSLA