Heartland Express Announces Share Repurchase Program

On May 11, Heartland Express, Inc. (HTLD) announced that the company’s Board of Directors approved a new share repurchase program. Under this program, the company can repurchase up to 5 million shares of outstanding common stock. This program is an addition to the 2.3 million shares previously authorized for repurchase by the Board of Directors.

Sonal alerted subscribers to the event at 5:26 pm. The next trade took place at 5:46 pm for $18.01. The stock opened for regular market trading the next morning at $17.99. Heartland Express stock continued its event day gains over the next five trading sessions. The stock closed at $18.86 on May 21.

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