Equinor ASA's stock is experiencing an uptick in pre-market trading on December 3, 2024, following the company's announcement of transactions under the fourth tranche of its 2024 share buy-back program. Between November 25 and November 29, Equinor purchased a total of 1,750,000 shares at an average price of NOK 269.4370 per share. This buy-back activity is part of a broader program that has seen the company repurchase 9,200,000 shares, reflecting a strategic move to enhance shareholder value.
The buy-back program, which was announced on October 24, 2024, is set to run until January 31, 2025. As of the latest transactions, Equinor now holds 57,068,398 of its own shares, representing 2.04% of its share capital. This ongoing buy-back initiative is likely contributing to the positive sentiment around Equinor's stock.
Equinor ASA's stock is currently priced at $24.50, marking a 1.66% increase from the previous close of $24.10.