International Speedway Amends Its Share Repurchase Program, Shares Move Higher

Shares of

were trading higher by around 1 percent on Wednesday after the company's Board of Directors

an amendment to its share repurchase program. International Speedway's Board of Directors amended the price parameters of its share repurchase program with the intention of acquiring up to $37.0 million of shares in the open market. The company has authorized its agent to purchase shares under revised opportunistic parameters, which encompass price, corporate and regulatory requirements, capital availability and other market conditions. International Speedway's Board has approximately $61.7 million remaining on its $300 million authorization allowance.