Tarena Stock Gains On New Stock Buyback Plan

  • 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.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsPenny StocksBuybacksMoversTrading IdeasBriefswhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!