Perion Network (PERI) Shares Soar 3.03% on Shareholder Rights Plan

Perion Network (PERI) shares surged 3.03%, reaching their highest level since February 2025, with an intraday gain of 4.38%.

Perion Network Ltd. recently adopted a shareholder rights plan, commonly referred to as a "poison pill," with a 13% trigger. This strategic move aims to safeguard shareholders' interests and enhance long-term value, potentially influencing stock price movements.

Perion's latest technological advancements, particularly the performance results of its next-gen AI-powered ad experience, have shown a significant double-digit engagement lift. This innovation is likely to boost investor confidence and positively impact the stock price.

Perion's preliminary first-quarter 2025 results and guidance for the quarter have been announced. These financial updates and projections can directly affect investor sentiment and stock valuations, providing a clearer picture of the company's performance and future outlook.

Perion has expanded its share repurchase program to $125 million, demonstrating confidence in its stock's value. This move can support stock price stability or even drive it higher, as it reduces the number of outstanding shares and potentially increases earnings per share.