OBOOK (NASDAQ:OWLS) Shares Gap Up – Should You Buy?

OBOOK Holdings Inc. (NASDAQ:OWLS)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $7.21, but opened at $7.50. OBOOK shares last traded at $8.10, with a volume of 63,663 shares traded.

Wall Street Analysts Forecast Growth

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

OBOOK Price Performance

OBOOK declared that its Board of Directors has authorized a share repurchase program on Thursday, November 27th that allows the company to repurchase $10.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 1.6% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are 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.