Dada Nexus Adopts $70M Stock Buyback Program

  • Dada Nexus Ltd DADA board of directors has authorized a share repurchase program of up to $70 million during the next twelve-month period. 
  • The company plans to fund the repurchase out of its existing cash balance.
  • The company held RMB1.76 billion in cash and equivalents as of December 31, 2021.
  • Also, See Dada Nexus' Q4 Results
  • Price Action: DADA shares are trading higher by 3.66% at $7.36 in premarket on the last check Friday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsPenny StocksBuybacksSmall CapMarketsGeneralBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!