Active Stocks News Analysis: Green Dot Corporation (NYSE:GDOT), IDEX Corporation (NYSE:IEX) 

Shares of Green Dot Corporation (NYSE:GDOT), declined – 1.25% to $18.24, amid its last exchanging session.

Green Dot Corporation, together with its assistants, works as a master purchaser innovation bank holding organization that gives individual managing an account to the masses. It offers reloadable prepaid platinum cards and trade reload handling administrations out the United States, notwithstanding portable keeping money administrations with its GoBank versatile financial records.

Green Dot Corporation, proclaimed that it as of late got administrative regard for its in the past announced $150 million offer repurchase approval. Green Dot likewise announced that it had come to a complete concurrence with Bank of America Merrill Lynch to buy an aggregate of $40 million of its Class A typical stock under a quickened stock repurchase exchange. Under the understanding, Green Dot will get a starting conveyance of around 1.8 million shares. The last number of shares to be repurchased and the total expense per offer to Green Dot will be in view of Green Dot’s volume-weighted normal stock cost amid the exchange’s term, which is unsurprising to be proficient in mid 2016.

The authoritative concurrence with Bank of America Merrill Lynch is a piece of the $150 million offer repurchase program in the past approved by Green Dot’s Board of Directors. As of September 3, 2015, preceding offering impact to the exchange under the understanding, no shares had been repurchased under the offer repurchase program.

Toward the end of Wednesday’s exchange, Shares of IDEX Corporation (NYSE:IEX), increased 2.00% to $72.84.

IDEX Corporation, through its helpers, gives different pumps, stream meters, different fluidics frameworks and parts, and built items around the world. Its Fluid & Metering Technologies portion outlines, creates, and disperses positive dislodging pumps, stream meters, injectors, other liquid taking care of pump modules and frameworks, and claim to fame concoction handling valves, notwithstanding gives stream checking and different administrations for the sustenance, synthetic, general modern, water and wastewater, farming, and vitality businesses.

IDEX Corporation, announced that it has arranged the organization’s show second from last quarter profit phone call over the Internet on Tuesday, October 20, 2015 at 9:30 a.m. CT. Director and Chief Executive Officer Andrew Silvernail and Senior Vice President and Chief Financial Officer Heath Mitts will talk about the organization’s second from last quarter 2015 monetary execution and react to addresses from the money related group.

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About the Author

Tanya Jones
Tanya is a senior reporter for JBH News Sports & Tech section. She graduated from York College, City University of New York in 2012.