Stock Track | Dynavax Soars Over 5% on $100M Accelerated Share Buyback Plan

Stock Track11-11

Shares of Dynavax Technologies Corp. (NASDAQ: DVAX) surged over 5% on Friday after the biopharmaceutical company announced it has entered into a $100 million accelerated share repurchase (ASR) agreement with Goldman Sachs.

The ASR is part of Dynavax's recently approved $200 million share buyback program. Under the terms of the agreement, Dynavax will receive an initial delivery of approximately 6.1 million shares, representing around 80% of the total $100 million repurchase amount. The final number of shares to be repurchased will be determined based on the volume-weighted average price of Dynavax's stock during the term of the ASR transaction, which is expected to be completed in the first quarter of 2025.

Share buybacks are typically viewed as a positive signal by investors, as they reduce the number of outstanding shares and boost a company's earnings per share. Analysts believe Dynavax's substantial $200 million repurchase authorization demonstrates the company's confidence in its long-term prospects and commitment to enhancing shareholder value.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1131570305?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-11 22:32","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1131570305","market":"hk","top_or_hot":-1,"title":"Stock Track | Dynavax Soars Over 5% on $100M Accelerated Share Buyback Plan","media":"Stock Track","content":"<p>Shares of Dynavax Technologies Corp. (NASDAQ: DVAX) surged over 5% on Friday after the biopharmaceutical company announced it has entered into a $100 million accelerated share repurchase (ASR) agreement with Goldman Sachs.</p>\n\n<p>The ASR is part of Dynavax's recently approved $200 million share buyback program. Under the terms of the agreement, Dynavax will receive an initial delivery of approximately 6.1 million shares, representing around 80% of the total $100 million repurchase amount. The final number of shares to be repurchased will be determined based on the volume-weighted average price of Dynavax's stock during the term of the ASR transaction, which is expected to be completed in the first quarter of 2025.</p>\n\n<p>Share buybacks are typically viewed as a positive signal by investors, as they reduce the number of outstanding shares and boost a company's earnings per share. Analysts believe Dynavax's substantial $200 million repurchase authorization demonstrates the company's confidence in its long-term prospects and commitment to enhancing shareholder value.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Dynavax Soars Over 5% on $100M Accelerated Share Buyback Plan</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Dynavax Soars Over 5% on $100M Accelerated Share Buyback Plan\n</h2>\n\n<h4 class=\"meta\">\n\n2024-11-11 22:32 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of Dynavax Technologies Corp. (NASDAQ: DVAX) surged over 5% on Friday after the biopharmaceutical company announced it has entered into a $100 million accelerated share repurchase (ASR) ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DVAX","symbol_name":"德纳维制药","start_time":0,"source_url":"","article_id":"1131570305","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1131570305","pubTimestamp":1731335567,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Dynavax Technologies Corp.  surged over 5% on Friday after the biopharmaceutical company announced it has entered into a $100 million accelerated share repurchase  agreement with Goldman Sachs.The ASR is part of Dynavax's recently approved $200 million share buyback program. Under the terms of the agreement, Dynavax will receive an initial delivery of approximately 6.1 million shares, representing around 80% of the total $100 million repurchase amount. The final number of shares to be ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"DVAX":"德纳维制药"},"translate_title":"股票赛道Dynavax因1亿美元加速股票回购计划飙升超过5%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DVAX":1},"content_text":"Shares of Dynavax Technologies Corp. (NASDAQ: DVAX) surged over 5% on Friday after the biopharmaceutical company announced it has entered into a $100 million accelerated share repurchase (ASR) agreement with Goldman Sachs.\nThe ASR is part of Dynavax's recently approved $200 million share buyback program. Under the terms of the agreement, Dynavax will receive an initial delivery of approximately 6.1 million shares, representing around 80% of the total $100 million repurchase amount. The final number of shares to be repurchased will be determined based on the volume-weighted average price of Dynavax's stock during the term of the ASR transaction, which is expected to be completed in the first quarter of 2025.\nShare buybacks are typically viewed as a positive signal by investors, as they reduce the number of outstanding shares and boost a company's earnings per share. Analysts believe Dynavax's substantial $200 million repurchase authorization demonstrates the company's confidence in its long-term prospects and commitment to enhancing shareholder value.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1131570305"}