Wells Fargo Reiterates Overweight Rating on Victoria's Secret (VSCO) on 'Good Enough' Results and Accelerated Buyback
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Why is Victoria's Secret (VSCO) Stock Trading Sharply Higher Today
December 29, 2021 8:24 AM ESTShares of Victorias Secret (NYSE: VSCO) are up more than 9% in pre-open Wednesday after the company announced that it launched an accelerated share buyback program.
The company will work with Goldman Sachs to repurchase $250 million of its common stock. Moreover, VSCO reaffirmed its fourth quarter sales, operating income and earnings guidance.
Victorias Secret will pay $250... More
Victoria's Secret & Co. (VSCO) Stock Jumps 5% on $250M Accelerated Buyback
December 29, 2021 7:39 AM ESTVictoria's Secret & Co. (NYSE: VSCO) shares gained 5% in pre-open trade after the company announced a $250 million accelerated share repurchase plan with Goldman Sachs. The company also reaffirmed the fourth-quarter guidance.
... MoreVictoria's Secret & Co. (VSCO) Announces Accelerated $250M Share Buyback
December 29, 2021 7:30 AM ESTVictorias Secret & Co. (NYSE: VSCO) today announced that it has entered into an accelerated share repurchase agreement (ASR) with Goldman Sachs & Co. LLC (Goldman Sachs) to repurchase $250 million of the Companys common stock. The Company also reaffirmed fourth quarter sales, operating income and earnings guidance.
Under the ASR, the Company will make an initial payment of $250 million to Goldman Sachs and will receive an initial delivery of approximately 4.1 million shares of the Companys common stock on December 31, 2021. The final number of shares to be repurchased will be based on the... More
