Tarena Stock Gains On New Stock Buyback Plan

by Shivani Kumaresan, Benzinga Staff Writer

December 31, 2021 10:53 AM | 1 min read | Make a Comment

Tarena International Inc TEDU said its board of directors has authorized a share repurchase program of up to $2.5 million of its shares over six months.
The company's proposed repurchases may be made from time to time through open market transactions at prevailing market prices.
The company expects to fund the repurchases with its existing cash balance.
Tarena held $47.3 million in cash and equivalents as of September 30, 2021.
Price Action: TEDU shares are trading higher by 19.6% at $2.02 on the last check Friday.