- 1847 Goedeker Inc's GOED Board of Directors authorized a new share repurchase program for up to $25 million of common stock.
- The company plans to conduct the repurchase in the open market.
- "Now that we have begun implementing a clear strategy focused on e-commerce growth, our leadership has been able to establish an accretive capital allocation philosophy," said CEO Albert Fouerti.
- The company held $27.2 million in cash and equivalents as of September 30, 2021.
- Price Action: GOED shares are trading higher by 15.7% at $2.65 on the last check on Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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