NVR Board of Directors Approves Share Repurchase Program

On February 14, NVR Inc. (NVR) announced that its Board of Directors approved a new share repurchase program. The program is a continuation of a repurchase program first started in 1994, and it authorizes the repurchase of up to $300 million in outstanding shares. NVR operates homebuilding and mortgage banking businesses.

 

Sonal detected the event at 2:00 pm, and the next trade took place at 2:02 pm for $3,012. The stock price closed higher at $3,060. The stock price continued to trend higher over the next four trading sessions before closing at $3,185 on February 21.

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