Nanometrics Approves $50 Million Share Buyback

On November 15, Nanometrics Incorporated (NANO) announced that its Board of Directors approved a $50 million share repurchase program. Nanometrics is a leading provider of advanced control systems.

 

Sonal detected an event and sent an alert to subscribers at 9:00 am. The next trade took place when the market opened for regular trading at 9:30 am for $25.53. The stock price experienced a small gain on the day of the event, and that trend continued throughout the next few trading sessions. Nanometrics closed at $27.31 on November 22. Investors, therefore, had time to place trades and earn nearly 7% in the days following the event.

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