Why Staar Surgical Stock Soared Today
It has launched a $50 million share repurchase program.
Overview
Investors were clearly seeing the merits of owning Staar Surgical (NASDAQ: STAA) as the trading week came to an end. After the eyecare specialist announced a substantial share buyback program following Thursday's market close, market players were eager to snap up its shares. The company's stock finished Friday more than 7% higher.
Staar announced that its board of directors had authorized the company to repurchase up to $50 million of its common stock.
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Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.