Why should financial managers strive to maximize the current value per share of the existing stock?

Financial managers should strive to maximize the current value per share of the existing stock because it directly reflects the company's performance and profitability, aligning with shareholder interests. Increasing share value enhances investor confidence and can lead to greater access to capital, as well as improved market perception. Ultimately, a higher stock price benefits shareholders through capital gains and potential dividends, fostering long-term company growth and stability.