Home Trending Stocks Why Did The NWFL Stock Rise In Last Session?

Why Did The NWFL Stock Rise In Last Session?

There were more than 37229.00 Norwood Financial Corp. (NASDAQ: NWFL) shares traded on Tuesday, and with a closing price of $27.84 on the day, the dollar volume was approximately $10.36M.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

The price of Norwood Financial stock on 03/30/21 gained nearly 7.82% as well as showing a positive weekly performance of 5.86%. There are currently 8.18 million shares of NWFL stock held by the public and among those 7.85 million shares are active. After announcing a stock repurchase program, the NWFL stock took off.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


Read More

Stock Repurchase Program:

Norwood Financial operates as a Holding Company for Wayne Bank, offering various products and services to its clients. NWFL operates through Wayne Bank in Pennsylvania and New York. At the end of 2020, the NWFL’s assets were 1.852 billion dollars, its loans outstanding were 1.411 billion dollars, its deposits were 1.535 billion dollars and its stockholders’ equity stood at 194.8 million dollars.

Yesterday, Norwood Financial announced it will begin repurchasing stock through a stock repurchase program.

  • The program will allow NWFL to purchase in the open market, up to 5% or approximately 400,000 shares of its outstanding shares of common stock.
  • NWFL’s program will be conducted in compliance with all securities laws and regulations, including that of SEC amended from time to time.
  • Repurchases of shares by NWFL, as well as the timing of such repurchases, expect to be impacted by a variety of factors.
  • The key factors of these decisions include market conditions, regulatory requirements, and other corporate concerns (as determined by management).
  • NWFL may suspend or terminate the repurchase program at any time.
  • In repurchasing shares of its common stock, NWFL intends to appoint Boenning & Scattergood, Inc.

    Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Will the program benefit NWFL?

Repurchases of common stock by Norwood Financial (NWFL) at appropriate levels are proper to use of its capital which could enhance shareholder value by increasing returns on equity and net income per share in NWFL

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

IT Tech Packaging Inc. (ITP) stock gains during pre-market. Here’s what’s happening?

IT Tech Packaging Inc. (NASDAQ: ITP) stock gained by 7.53% at last close while the ITP stock price rises by 2.04% in the pre-market...

Why did The9 Limited (NCTY) stock turnaround in the after-hours on Friday?

The9 Limited (NCTY) shares gained 6.87% in after-hours on Friday, July 30, 2021, and closed the weekly trading at $11.98 per share. in the...

Energous Corporation Inc. (WATT) stock declines during after-market. Here’s to know why?

Energous Corporation Inc. (WATT) stock gained by 7.05% at last close whereas the WATT stock price plunged by 7.82% in the after-hours trading session....

AMAZON Inc. (AMZN) stock fell during after-market. Here’s the update

Amazon Inc. (NASDAQ: AMZN) stock plunged by 0.84% at last close however moving ahead the AMZAN share price also declines by 7.44% in the...

Cocrystal Pharma Inc. (COCP) stock soars during current market. Here’s what you should know

Cocrystal Pharma Inc. (NASDAQ: COCP) stock gains by 17.44% in the current market trading session. Cocrystal Pharma, Inc. is a clinical-stage biotechnology firm focused...

Best Inc. (BEST) stock gains during current market. Here’s the update?

Best Inc. (NASDAQ: BEST) stock rises by 5.45% during the current market. BEST Inc. is a prominent Chinese supplier of comprehensive smart supply chain...

Dolphin Entertainment Inc. (DLPN) stock rises during current market. Let’s find out why?

Dolphin Entertainment Inc. (NASDAQ: DLPN) stock gains by 17.47% to $9.21 today in the current market trading. Dolphin Entertainment is a leading independent entertainment...

General Electric Company Inc. (GE) stock sky-rocketing during pre-market. Here’s what you should know

General Electric Company Inc. (NASDAQ: GE) stock plunged by 2.56% at last close whereas the GE stock price surged massively during pre-market by 704.32%....

Related News

IT Tech Packaging Inc. (ITP) stock gains during pre-market. Here’s what’s happening?

IT Tech Packaging Inc. (NASDAQ: ITP) stock gained by 7.53% at last close while the ITP stock price rises by 2.04% in the pre-market...

Why did The9 Limited (NCTY) stock turnaround in the after-hours on Friday?

The9 Limited (NCTY) shares gained 6.87% in after-hours on Friday, July 30, 2021, and closed the weekly trading at $11.98 per share. in the...

Energous Corporation Inc. (WATT) stock declines during after-market. Here’s to know why?

Energous Corporation Inc. (WATT) stock gained by 7.05% at last close whereas the WATT stock price plunged by 7.82% in the after-hours trading session....

AMAZON Inc. (AMZN) stock fell during after-market. Here’s the update

Amazon Inc. (NASDAQ: AMZN) stock plunged by 0.84% at last close however moving ahead the AMZAN share price also declines by 7.44% in the...

Cocrystal Pharma Inc. (COCP) stock soars during current market. Here’s what you should know

Cocrystal Pharma Inc. (NASDAQ: COCP) stock gains by 17.44% in the current market trading session. Cocrystal Pharma, Inc. is a clinical-stage biotechnology firm focused...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam