MarineMax Spikes 10% After Company Announces Share Buyback Plan

by Benzinga Staff
February 22, 2016 2:02 PM | 1 min read | Make a Comment
Shares of MarineMax Inc

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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

(NYSE: HZO) surged higher by 10 percent on Monday after the company's Board of Directors authorized a new stock repurchase program.MarineMax noted that its Board of Directors is now authorized to acquire up to 1.25 million shares of its common stock through February 28, 2018. The new plan replaces a prior authorization of up to 1 million which of which 772,716 shares had already been repurchased.MarineMax added that it plans on repurchasing stock to mitigate the dilutive effect of stock options and that shares which it buys could be reserved for later reissue in connection with employee benefit plans and other general corporate purposes.
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