FICO Announces Stock Repurchase Program
The FICO Corporation (FICO), also known as the Fair Isaac Corporation, announced a new stock repurchase program on November 1. This new program follows the conclusion of its previous stock repurchase program that was effective from July 2016 through October 2017. In the new program, the Board of Directors authorized the repurchase of up to $250 million in outstanding shares.
Sonal detected the event and sent an alert at 9:01 am. The stock opened for the day at $146.13.
Although the market declined throughout the day on November 1, the news pushed the stock price higher in the following days. The stock price trended higher through November 8, when it closed at $154.59.
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