New Oriental Education & Technology jumps 5% on upsizing buyback program

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3 months ago

New Oriental Education & Technology (NYSE:EDU) Board of Directors approved an upsizing of its share repurchase program, up to $400M of the company’s ADSs and/or common shares from July 28, 2022 through May 31, 2023.
The share repurchase program was extended by two years through May 31, 2025.
As of the date of this press release, the company had repurchased ~$330.3M worth of its ADSs under the share repurchase program.
Shares of EDU (EDU) jumped 5% on Tuesday during pre-market hours of trading.

Tags: EDU