Canaan Stock Soars 8.83% on $30M Buyback Program
Before the BellTuesday, May 27, 2025 6:27 am ET
1min readOn May 27, 2025, Canaan's stock surged by 8.83% in pre-market trading, marking a significant uptick in investor confidence and market sentiment.
Canaan has announced a $30 million share buyback program, a strategic move aimed at enhancing shareholder value. This initiative, detailed in a recent press release, is a common practice among publicly traded companies looking to return capital to investors and signal confidence in their future prospects.
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