Ten Holdings Soars 57.14% on Stock Repurchase, Fed Cuts

On March 24, 2025, Ten Holdings (NASDAQ:XHLD) surged 57.14% 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, which can potentially increase earnings per share and boost investor confidence.

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 strong home-building data and robust home sales, has further fueled investor optimism, driving Ten Holdings' stock price higher.