RELX Shares Slide 1% Despite Buyback Efforts
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BTCCSquare news:
RELX's stock fell 1% in early trading, continuing its downward trend despite the company's aggressive share repurchase program. Over two days, the firm bought back more than 600,000 shares, aiming to reduce supply and bolster earnings per share. Yet, investor skepticism persists as the stock struggles to find footing ahead of February's full-year results.
The buyback, executed at prices between 3,093 and 3,147 pence, has done little to stabilize the share price. Analysts note that treasury purchases may shrink supply but fail to address underlying demand concerns. Market participants are closely watching trading volumes for signs of renewed confidence in the data and analytics giant.
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