Phoenix Motor Inc (PEV) Announces $5M Share Buyback
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/22/2026
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- BofA's Hartnett sees dollar slump, risk selloff if bond intervention fails
- Applied Optoelectronics sets up $600M at-the-market stock offering
- Fannie Mae loses at least 10 senior executives amid departures - WSJ
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- One killed, three injured when man attacks Swedish school with sword
- Morgan Stanley course-corrects their semiconductor equipment outlook on demand
Phoenix Motor Announces Board Approval of $5 Million Share Repurchase Program
March 25, 2025 6:02 AM EDTANAHEIM, CA / ACCESS Newswire / March 25, 2025 / Phoenix Motor Inc. (NASDAQ: PEV), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, today announced that its Board of Directors has authorized a share repurchase program under which the Company may repurchase up to $5 million of its outstanding common stock.
"We believe that our current share price does not fully reflect the underlying value and long-term prospects of Phoenix Motor," said Denton Peng, CEO of Phoenix Motor. "This share repurchase program... More
