Market Overview

NQ Mobile Shares Soar On Stock Buyback Announcement

Related NQ
Watch These 10 Huge Call Purchases In Tuesday Trade
Watch These 10 Huge Call Purchases In Monday Trade

Shares of NQ Mobile Inc (ADR) (NYSE: NQ) were trading sharply higher in Tuesday's premarket following news that the company has authorized an $80 million share buyback program.

This announcement comes a few days after NQ Mobile reported earnings and revenues that disappointed, with shares of NQ falling nearly 20 percent on the earnings miss.

Shares of NQ Mobile recently traded at $4.05, up 17 percent.

Posted-In: News Buybacks


Related Articles (NQ)

View Comments and Join the Discussion!