QLogic Gains On Buyback News
Shares of QLogic Corp (NASDAQ: QLGC) gained after the company announced a rise in its stock buyback program.
QLGC’s shares rose 2.03% to $15.11 at 1:56 pm. The board of directors of QLGC has approved an additional $200 million repurchase plan of its outstanding common stock over a period of about 2 years.
QLogic’s shares have fallen 7.03% over the past month and lost 21.52% so far this year.
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