Kirkland’s Announces New Share Repurchase Program

On September 24, Kirkland’s, Inc. (KIRK) announced that its Board of Directors authorized a new share repurchase program. The new program allows the company to repurchase up to $10 million worth of common shares. Kirkland’s still has $2.9 million available from its previous $10 million share repurchase program.

 

Sonal alerted subscribers of the event at 4:31 pm. The next trade took place at 4:38 pm for $9.45. The stock price dropped during pre-market trading hours but opened for regular trading the next morning at $9.52. The stock price continued to rise throughout the day to close at $9.90 with a gain of 4.8%.

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