Travelzoo Board of Directors Authorizes Share Repurchase Program

Travelzoo (TZOO) announced on March 5 that the company’s Board of Directors authorized a new share repurchase program. Under the terms of the agreement, Travelzoo can repurchase up to 500,000 shares of outstanding common stock. Travelzoo is a global publisher of exclusive travel and entertainment offers for its members.

 

Sonal detected the even and alerted its subscribers at 3:02 pm. The next trade took place at 3:03 pm for $6.30. The stock price rose higher at the market open on the next trading day and continued to trend higher during the next five trading sessions. Travelzoo closed at $7.31 on March 12.

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