Plus500 Shares Drop, Broker Repurchases More than 13K Shares

Plus500 continues its latest share buyback program, in which the company of its ordinary shares, by purchasing a further 13,577 of its own shares.
In accordance with its share buyback program announced on the 12th of February, Plus500 has bought 13,577 of its own shares on the 23rd of April at a volume-weighted average price of £1.180, therefore, the Israel-based broker spent around £16,020.86 for the latest batch.

, the London-listed broker continued to execute its share buyback program. In particular, this week the broker has repurchased shares each day this week up until Thursday, according to regulatory filings, which are made available one day after the repurchase has taken place.
Therefore, from Monday until Thursday this week, Plus500 has purchased 112,077 shares in total and spent an approximate amount of £125,434.36. For the whole week, these figures are likely higher, as any purchase of shares for today has not yet been made public.
Plus500 shares on upward trend since February
Since February, when Plus500 first announced its latest share buyback program, the company’s shares have been on a general upward trend, largely due to the fact that the broker has been benefitting from heightened volatility in the financial markets as a result of the coronavirus pandemic. Today, however, the company’s share price has dropped.