Upwork Stock Is Moving Higher After The Close: What's Going On?

Benzinga

Upwork shares rose in Wednesday’s after-hours trading after the company announced an additional $100 million share repurchase program, according to Benzinga. The move follows $37.87 million in stock repurchases during the second quarter. CEO Hayden Brown said Upwork’s financial results are exceeding expectations, allowing the company to use its balance sheet to boost shareholder value. The company had $291.07 million in cash and cash equivalents as of June 30. Upwork shares traded at $16.56 in after-hours, up 0.67%, after closing the regular session 3.07% higher.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Upwork shares rose in Wednesday's after-hours trading after the company announced an initial $100 million share repurchase program, according to Benzinga.

00:10Boo follows $37.87 million in stock repurchases during the second quarter.

00:15CEO Hayden Brown said Upwork's financial results are exceeding expectations, allowing the company to use its balance sheet to boost shareholder value.

00:22The company had $291.07 million in cash and cash equivalents as of June 30th.

00:27Upwork shares traded at $16.56 in after-hours, up 0.67%.

00:32After closing the regular session, 3.07% higher.

00:36For all things money, visit Benzinga.com.

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