DVA - DaVita authorizes additional $2B share repurchase

DaVita (NYSE:DVA) Board of Directors increased the authorization under the existing share repurchase program by $2B in additional repurchasing authority. The amount of shares authorized to be repurchased under the new authorization does not include the amount remaining under the company’s existing share repurchase program authorized on December 10, 2020 . Some bearish commentary and rating on the stock by SA contributor who writes: 'The company appears to be overvalued, and there are several challenges facing the company in the future.'

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DaVita authorizes additional $2B share repurchase