Ten Holdings Soars 40% on Stock Repurchase Program

On March 24, 2025, Ten Holdings (NASDAQ:XHLD) surged 40% in pre-market trading, marking a significant rise in its stock price.

Ten Holdings' stock price experienced a notable surge following the announcement of a $1 million stock repurchase program. This initiative, unveiled on March 17, 2025, is aimed at enhancing shareholder value by reducing the number of outstanding shares, thereby potentially increasing earnings per share.

The Federal Reserve's updated economic projections, which anticipate two quarter-point cuts in 2025, have also contributed to the positive market sentiment. This outlook, coupled with the company's strategic move, has bolstered investor confidence in Ten Holdings' future prospects.