OBOOK (NASDAQ:OWLS) Shares Gap Down – Here’s What Happened

OBOOK Holdings Inc. (NASDAQ:OWLS) gapped down before the market opened on Monday . The stock had previously closed at $8.25, but opened at $7.76. OBOOK shares last traded at $8.10, with a volume of 26,060 shares traded.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of OBOOK to a “hold” rating in a research report on Wednesday, October 29th.

OBOOK Trading Down 1.8%

OBOOK announced that its Board of Directors has authorized a share buyback program on Thursday, November 27th that allows the company to repurchase $10.00 million in shares. This repurchase authorization allows the company to purchase up to 1.6% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

OBOOK Company Profile

Our mission is to use blockchain technology to provide businesses with more reliable and transparent data management, to reinvent global flow of funds for businesses and consumers and to lead the digital transformation of business operations. We believe in the power of blockchain technology and have focused on leveraging it to optimize and in some cases transform the way enterprises operate.