IBM Spin-Off Kyndryl Announces $300 Million Buyback: What's Next For KD Stock?

Quick Summary:

Kyndryl Holdings Inc.(NYSE:KD) is boosting investor confidence with the announcement of its first-ever share repurchase program, worth $300 million.

Share Repurchase Reflects Management's Confidence

The new repurchase program comes as Kyndryl sees significant progress in both its financials and operational transformation.

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Article Details

Author / Journalist: Surbhi Jain

Category: Technology

Markets: United States

Topics: News Technicals Long Ideas AI Buybacks Top Stories Pro Project Stories That Matter Benzinga IBM US4592001014 Cybersecurity Martin Schroeter Artificial intelligence Trading Ideas Expert Ideas KD Tech

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-21 @ 16:23:34 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 408 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23740959

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