Tuya Stock Gains On $200M Fresh Share Buyback Plan

  • Tuya Inc's TUYA board approved a share buyback program of up to $200 million of Class A ordinary shares in the form of ADSs.
  • The IoT platform beat the Q2 revenue consensus while issuing cautious Q3 guidance.
  • Tuya held $1.3 billion in cash and equivalents and generated $5.8 million in operating cash flow.
  • Price Action: TUYA shares traded higher by 2.84% at $9.78 in the premarket session on the last check Monday.
Loading...
Loading...
TUYA Logo
TUYATuya Inc
$2.34-%

Stock Score Locked: Want to See it?

Benzinga Rankings give you vital metrics on any stock – anytime.

Reveal Full Score
Edge Rankings
Momentum
89.26
Growth
87.87
Quality
Not Available
Value
52.13
Price Trend
Short
Medium
Long
Market News and Data brought to you by Benzinga APIs

Comments
Loading...