Providence Service Corporation Expands Share Repurchase Program

On April 3, Providence Service Corporation (PSC) announced that its Board of Directors voted to expand the company’s current share repurchase program. They voted to add $78 million additional purchasing capacity and to extend the program end date from December 31, 2018, to June 30, 2019. With the change, PSC currently has approximately $100 million in share repurchasing availability.

 

Sonal detected the event at 4:15 pm and sent out an alert. The next trade was for $68.41 at 4:58 pm. The stock price rose to $70 during the next trading day, and it continued to rise over the following five trading sessions. PSC stock closed at $73 on April 11.

Visit the Knowledge Center to learn more about trading share repurchases and buybacks.

To see the latest weekly webinar, you can visit our Live Webinar page.

Subscribe here if you would like to start receiving these signals in real-time and start trading!