Covenant Transportation Group Announces Stock Repurchase Plan
COVENANT TRANS (CVTI)
Last covenant trans earnings: 1/23 04:01 pm
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US:NASDAQ Investor Relations:
ctgcompanies.com/investor-relations/stock-info
Company Research
Source: GlobeNewswire
CHATTANOOGA, Tenn., Feb. 10, 2020 (GLOBE NEWSWIRE) -- Covenant Transportation Group, Inc. (NASDAQ/GS: CVTI) (the “Company”) announced today that its Board of Directors has approved a stock repurchase program authorizing the purchase of up to $20 million of the Company's Class A common stock from time-to-time based upon market conditions and other factors. The stock may be repurchased on the open market or in privately negotiated transactions. The repurchased shares will be held as treasury stock and may be used for general corporate purposes as the Board may determine. The Company did not place a limit on the duration of the repurchase program. The stock repurchase program does not obligate the Company to repurchase any specific number of shares and the Company may suspend or terminate the program at any time without prior notice. Covenant Transportation Group, Inc. is the holding company for several transportation providers that offer premium transportation services for customer
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