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OBOOK (NASDAQ:OWLS) Sets New 12-Month Low – Here’s What Happened
['Michael Walen']
Markets Daily
OBOOK Holdings Inc. (NASDAQ:OWLS – Get Free Report) hit a new 52-week low during mid-day trading on Wednesday .
The company traded as low as $5.70 and last traded at $6.14, with a volume of 112955 shares traded.
OBOOK declared that its board has approved a share repurchase program on Thursday, November 27th that permits the company to repurchase $10.00 million in outstanding shares.
Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
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