- Sunlands Technology Group STG announced that its Board has approved a share repurchase program to repurchase up to $15 million of its Class A ordinary shares.
- The company will repurchase the shares over 24 months.
- The company's proposed repurchases may be made from time to time on the open market.
- Sunlands held $130.3 million in cash and equivalents as of September 30, 2021.
- Price Action: STG shares closed lower by 16.23% at $3.20 on Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In:
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!
Already a member?Sign in
