All articles tagged with #undervalued stock
Originally Published 1 year ago — by The Motley Fool
Parkev Tatevosian from The Motley Fool highlights an undervalued stock, Upwork, which is currently priced at around $10 per share and has dropped 82%, presenting a potential investment opportunity.
Originally Published 2 years ago — by Yahoo Finance
General Motors CEO Mary Barra announced that the company's stock is undervalued and urged investors to buy shares, citing the future profitability of electric vehicles (EVs). GM unveiled a $10 billion stock buyback plan and a 33% dividend increase, leading to a nearly 10% surge in the stock price. Barra expressed confidence in GM's strategy and ability to generate cash flow and strong margins. The company aims to achieve a low-single-digit profit margin on EV operations by the end of 2025 and transition to mostly producing electric vehicles by 2035. Prior to the announcement, GM shares had declined about 20% in the past year.
Originally Published 2 years ago — by GlobeNewswire
Mullen Automotive, an emerging electric vehicle manufacturer, has announced a stock buyback program of up to $25 million in shares of its outstanding common stock. The company believes its stock is significantly undervalued and trading at a discount to its current cash position. The buyback program will be in effect until December 31, 2023, and the shares may be repurchased in the open market or through privately negotiated transactions. The program is seen as an opportunity to deploy capital and return value to shareholders.