Cosmos Health repurchases 220,000 shares at $0.22 each By Investing.com

Cosmos Health repurchases 220,000 shares at $0.22 each reports that Cosmos Health Inc. (NASDAQ:COSM) bought back 220,000 shares of its common stock in the open market. The average purchase price was approximately $0.2229 per share, according to a press release. After this transaction, the company said it has repurchased a total of 3,640,000 shares for about $700,000 under its share repurchase program, which authorizes buybacks up to $5 million. The program expires on December 31, 2026, and can be renewed. CEO Greg Siokas said the repurchases reflect the company’s view that its shares remain undervalued. The stock rose 35% over the past week to $0.27 but is still down 55% over six months.