IBM Spin-Off Kyndryl Announces $300 Million Buyback: What's Next For KD Stock?
IBM(IBM) Benzinga·2024-11-22 00:23
Kyndryl Holdings Inc. KD is boosting investor confidence with the announcement of its first-ever share repurchase program, worth $300 million.The International Business Machines Corp IBM spin-off is using the buyback to return capital to shareholders, signaling its belief in sustainable growth despite a competitive market.Share Repurchase Reflects Management's ConfidenceThe new repurchase program comes as Kyndryl sees significant progress in both its financials and operational transformation. CEO Martin Sch ...