Deliveroo (OTCMKTS:DROOF – Get Free Report) declared that its Board of Directors has authorized a stock buyback program on Tuesday, March 18th, RTT News reports. The company plans to buyback 0 outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.
Deliveroo Stock Performance
DROOF opened at $1.33 on Wednesday. Deliveroo has a fifty-two week low of $1.33 and a fifty-two week high of $2.24. The firm’s fifty day moving average is $1.65 and its 200 day moving average is $1.75.
About Deliveroo
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