Acxiom's stock rallies after $100 million added to stock buyback program [MarketWatch]
ACXIOM (ACXM)
Last acxiom earnings: 8/9 04:05 pm
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Source: MarketWatch
Acxiom's stock rallies after $100 million added to stock buyback program Shares of Acxiom Corp. ACXM, +0.75% rallied 2.9% in premarket trade Monday, after the marketing company said it boosted its stock repurchase program by 25% to $500 million. Under the previous $400 million program, which was launched in August 2011, the company had already spent $380 million to buy back 20.4 million shares. The program now has $120 million remaining, which at current prices could represent about 5.1 million shares, or about 6.5% of the shares outstanding. The stock has tumbled 17% over the past three months, while the S&P 500 SPX, -1.26% has slipped 2.4%.
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