Microsoft selbst warnt vor der Verwendung von Internet Explorer, da er nicht mehr den neuesten Web- und Sicherheitsstandards entspricht. Wir können daher nicht garantieren, dass die Seite im Internet Explorer in vollem Umfang funktioniert. Nutze bitte Chrome oder Firefox.

Why Party City Holdco Inc. Stock Jumped Today

TheMotleyFool

0 0

Why Party City Holdco Inc. Stock Jumped TodayPhoto, wide shot, wide-angle lens, Online marketplace, sunset photo at golden hour, photo by Ansel Adams: https://img.midjourneyapi.xyz/temp/27d484d8-d1b1-4519-9797-b5dcaa68d4e2.png

Why Party City Holdco Inc. Stock Jumped Today

Shares of Party City Holdco Inc. (NYSE: PRTY) surged today on news that the company was buying back close to 20 million shares of common stock. Shareholders unsurprisingly celebrated the move, sending the stock up 12.5% as of 11:47 a.m. EST.

Image source: Getty Images.

Party City said it would acquire 19,841,694 shares for $242 million from the Advent-Party City Acquisition Limited Partnership, which constitutes all of Advent's shares in the company. Management said it would fund the share repurchase with borrowings from a revolving credit facility.

Source: Fool.com