NYSE:CSTMMetals and Mining
Constellium Buyback Shrinks Share Count And Highlights Valuation Gap
Constellium (NYSE:CSTM) has completed a major share buyback, repurchasing over 13 million shares.
The program retired nearly 10% of the company’s outstanding equity.
The buyback marks a significant capital return event for existing shareholders.
For investors watching NYSE:CSTM, this completed buyback comes at a time when the stock trades around $24.75 and has delivered a 25.2% return year to date and 116.3% over the past year. Those numbers, along with gains of 54.8% over three years and...