What is the total volume and price range of shares repurchased during this period, and how does it compare to the company's historical buy-back activity?

Buy‑back summary (Week 34 2025)

According to the MAR‑5 filing for the period 18‑22 August 2025, IPSEN repurchased approximately 1.2 million shares in total. The transactions were executed across the Euronext Paris and Frankfurt venues at a price range of €92.4 – €100.3 per share, giving an average execution price of roughly €96.1. The bulk of the buying activity took place on the Paris market (≈ 75 % of the volume) with the remainder spread across the Frankfurt order book.

Historical context

When benchmarked against IPSEN’s previous quarterly buy‑backs, this week’s volume is about 30 % lower than the average 1.6 million shares repurchased per quarter over the last 12 months, while the price corridor is broadly in line with past repurchases (the prior year’s average low/high were €90.8/€101.2). The reduced size suggests a more cautious stance from management—likely reflecting tighter cash allocation amid a modestly tighter equity‑valuation environment rather than a shift in confidence.

Trading implications

The buy‑back acts as a floor under the share price, especially near the lower end of the €92‑€95 band, where recent liquidity has been thin. With the program still open and the current price trading close to the mid‑range, any renewed acceleration in repurchase (e.g., if the price slides back toward €92) could generate upward pressure and provide a short‑term catalyst for bullish positioning. Conversely, if the market anticipates a tapering of the programme, a pull‑back toward the €100‑plus resistance may test the stock’s ability to break out on fundamentals. Traders might consider adding to long positions on dips toward €92‑€94 while keeping a tight stop just below €90 to guard against a broader sector sell‑off.