Globus Medical (GMED) Announces $500M Share Buyback
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/3/2026
- Wall St futures tepid as Middle East tensions keep investors wary
- Broadcom raises AI chip forecast as Big Tech keeps writing bigger checks
- Nvidia to acquire AI platform Hugging Face in landmark $12.9B deal
- Tesla to unveil Cybercab Texas today, details are few
- Snowflake soars 20% on earnings beat and raised guidance
Globus Medical Announces $500 Million Share Repurchase Program
May 15, 2025 4:30 PM EDTAUDUBON, Pa., May 15, 2025 (GLOBE NEWSWIRE) -- Globus Medical, Inc. (NYSE: GMED), a leading musculoskeletal solutions company, today announced that its Board of Directors has authorized a share repurchase program of up to $500 million of the Companys outstanding common stock.
We believe the recent volatility in our share price has created a meaningful disconnect between our intrinsic value and our market valuation, said Keith Pfeil, Chief Financial Officer and Chief Operating Officer of Globus Medical. Given our strong track record of growth and profitability, we are confident in the long-term strength of our... More
