Latest News

Dow Jones Newswires: Nextdoor announces share repurchase plan, shares surge


Shares of Nextdoor Holdings Inc.

were higher in Wednesday’s late session, after the company said its board approved a $100 million share repurchase plan.

At 6:20 p.m. ET, the company’s shares had risen 7.8% to trade at $3.02 each. The stock ended the day’s regular session with a 1.41% loss, closing at $2.80 per share.

The company said the share repurchase program was authorized through June 30, 2024.

Nextdoor Holdings has a market cap of $1.1 billion, 116.56 million shares outstanding and a public float of 78.26 million.

Mike Doyle, the company’s chief financial officer, said, “We believe that the current macroeconomic environment, combined with the strength of our balance sheet, presents an attractive buying opportunity for our stock.”

I’ve found that a financial adviser can easily cost $5,000 a year. Is paying an adviser really worth this kind of money?

Previous article

Amazon Splits Its Stock Next Week. Who’s Next, and Why It Matters.

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News