- Cloud-based communications solution provider Cloopen Group Holding Ltd’s (NYSE:RAAS) board approved a share repurchase program of up to $40 million of its Class A ordinary shares in the form of ADSs during twelve months commencing on September 28.
- The company plans to fund the repurchases from its existing cash balance.
- Cloopen held $416 million in cash and equivalents as of June 30.
- Price Action: RAAS shares traded higher by 2.34% at $4.38 in the premarket session on the last check Tuesday.
TopBuild Upgraded To Buy At Benchmark; Price Target Raised To $260 At Keybanc
Benchmark analyst Reuben Garner upgraded TopBuild Corp (NYSE: BLD) to Buy from Hold with a price target of $275, implying an upside of 22.7%.
