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-0.00397953382603754 -0.00511654349061966 -0.00739056281978391 0.0289937464468449 0.0204661739624787 -0.0505969300739057 -0.0449118817509948 -0.0739056281978397
Stock impact report

Gorilla Signals Confidence With Buybacks & Insider Purchases, Up 8.2% [Yahoo! Finance]

Gorilla Technology Group Inc. - Ordinary shares (GRRR) 
Company Research Source: Yahoo! Finance
Shares jumped 8.2% following the news. The company's board believes the stock is “deeply undervalued” due to recent short selling and intends to use the remaining funds from its previously announced repurchase plan if the price stays low. Gorilla Technologyis scheduled to announce 2024 financial results on March 31. The company hiked its repurchase plan to $10 million from $6 million in January to reassure its shareholders about its focus on creating value for them. Moreover, a significant portion of GRRR's board and the entire executive management team intend to buy shares after its 2024 earnings release. This move reflects their confidence in the company's vision and growth momentum. Gorilla Technology strategically dismissed allegations against it, emphasizing that the individuals spreading misinformation are facing SEC and DOJ charges for fraud and market manipulation. The company questioned the credibility of these claims and assured investors that its legal teams across mult Show less Read more
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