Surgery Partners Announces $50 Million Share Repurchase

On December 15, Surgery Partners, Inc. (SGRY) announced that the company’s Board of Directors approved a new stock repurchase program. Under the program, Surgery Partners will be able to repurchase up to $50 million worth of its common shares. The authorization does not have a specific expiration date, but it allows the company to make purchases at the times where it can create the most value for shareholders. Surgery Partners, Inc. is a leading provider of surgical services.

 

Sonal detected the event and sent an alert to subscribers at 8:00 am. The next trade took place at the market open for $10.35. After a small dip right after the market open, the stock price continued to trend higher throughout the day on the news. The stock closed trading for the day at $11.15, which marked almost an 8% gain for the day.

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