So-Young International’s Stock Up After Upsizing Stock Buyback Program

So-Young International Inc. (NASDAQ: SY) stock was up by around 9% in pre-market trading on Tuesday as the Chinese social community for consumers upsized its share repurchase program from $15 million to $25 million “to demonstrate the Company’s confidence in its long-term prospects.”

The stock buyback program will be effective for a 12-month period that started on November 18, 2022.

Shares of SY stock have tanked more than 60% in the past year.