Move Inc. higher, announces $50 buyback
Shares of Move Inc. (Nasdaq: MOVE) have moved up following news after Monday’s close that the creator of websites that help consumers relocate has authorized a $50 repurchase of its common stock.
The board of Westlake Village, Calif.-based Move has authorized a $50 million program to buy back its common stock that will expire on Sept. 17, 2008, the company said. Shares can be purchased on the common market or in privately negotiated transactions.
At 3:19 p.m. ET, shares of Move Inc. (MOVE) had added $0.24, or 8%, to $3.10.
