Pineapple Financial Gains 26% Intraday After Buyback Authorization Expansion
Pineapple Financial Inc. (PAPL.US) traded at $0.7565, up **26.00%** intraday, with notable intraday volatility as the stock pulled back from session highs while still posting a substantial gain.
The Canadian mortgage technology platform serves independent mortgage brokers with digital tools and brokerage infrastructure. The company recently announced a significant expansion of its share repurchase authorization, which the market read as a confidence signal from management regarding current valuation levels, drawing increased buying interest. The stock had previously surged over 57% in after-hours trading, and today's intraday advance extends that momentum, with the buyback expansion serving as the most direct near-term catalyst.
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