XMax Authorizes Share Repurchase Program of Up to $30 Million
XMax said its board authorized a share repurchase program of up to $30 million. Shares may be repurchased only below $5.50 each. The stock was up 10% at $4.41.
By Chris WackXMax shares rose after the company said its board has authorized a share repurchase program of up to $30 million shares.The stock was 10% higher, at $4.41, and is down 23% in the past 12 months.The company said shares may be repurchased only at prices below $5.50 a share.XMax said the…