The company announced that the board has approved the renewal of its current stock repurchase program, which allows the company to purchase up to $5M of its stock per calendar year. As of December 14, the company modified the algorithm used to purchase stock so it may buy back shares of GROW stock when the price is flat or down from the previous trading day, which may increase the number of trading days it can buy back shares.
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Published first on TheFly
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