On May 23, Birkenstock rose 5.44% in regular trading, trading at $41.81/share, with trading volume of $86.24 million.

The rally extends gains from earlier this week after Birkenstock announced it signed a $250 million accelerated share repurchase (ASR) agreement with Goldman Sachs. The repurchase program aims to capitalize on what management views as a significant disconnect between the company's stock price and its strong fundamentals. Management believes the market valuation fails to fully reflect the company's intrinsic value and long-term growth potential.

The buyback announcement came after Birkenstock shares had suffered a sharp selloff due to slowing quarterly growth and unchanged full-year guidance, which raised questions about the company's positioning between luxury and mass-market segments. The $250 million repurchase exceeds the previously planned approximately $200 million buyback for fiscal year 2026, signaling heightened management confidence. On May 21, when the ASR was first announced, shares surged 18%, and the stock continues to build on that momentum.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)