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- Genesco Inc (NYSE:GCO) board has authorized a $100 million increase to its existing $100 million share repurchase authorization.
- Genesco has $1.0 million remaining under the existing share repurchase program. It has repurchased roughly 1.72 million shares at a total cost of about $99.0 million under the program.
- The company intends to implement the new authorization through purchases made from time to time using various methods, including open market purchases, private transactions, block trades.
- The company held $282.8 million in cash and equivalents as of October 30, 2021.
- Price Action: GCO shares closed lower by 0.43% at $61.86 on Friday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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