Smith & Wesson sets $50 million stock repurchase program
Smith & Wesson Holding Corp. announced a $50 million stock repurchase program, that will remain active through June 23, 2017. At Thursday's closing price of $16.71, that implies the gun maker could buy back about 5.5% of the 54.17 million shares outstanding, according to FactSet. The stock, which was unchanged in after-hours trade, has soared 76% year to date, while the S&P 500 has tacked on 2.1%.
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