Why Co-Diagnostics Shares Are Trading Higher Today

Co-Diagnostics Inc CODX shares are trading higher Tuesday after the company announced its board authorized a share repurchase program, allowing Co-Diagnostics to repurchase up to $30 million of its common stock.

"We believe that the current share price provides us with an opportunity to strategically allocate capital in a way that helps drive continued growth and demonstrates our positive outlook for the company's future," said Brian Brown, CFO of Co-Diagnostics.

Co-Diagnostics is a molecular diagnostics company that develops, licenses and commercializes molecular technologies.

See Also: Why GitLab Shares Are Rising

CODX 52-Week Range: $5.01 - $14.97

Co-Diagnostics shares were up 14.91% at $5.78 at time of publication.

Photo: courtesy of Co-Diagnostics.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsBuybacksMoversTrading IdeasBrian Brownwhy 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!