On Friday, Graham Holdings Company (GHC), an education and media conglomerate, announced that its Board of Directors has authorized the repurchase of up to 500,000 shares of its Class B common stock.This buyback plan could encompass approximately 14.7% of the total Class B shares outstanding, which amounted to 3,406,903 shares as of August 31, 2024.Additionally, the company has not set any maximum price or specific timeline for these repurchases.At present, GHC’s stock is trading at $747.75 per share, reflecting a 2.00% increase on the New York Stock Exchange.The material has been provided by InstaForex Company – www.instaforex.com
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