Yiren Digital Ltd.
(NYSE:YRD) stock rose on Thursday after the company announced a new share repurchase program.
Yiren Digital Authorizes Buyback The board authorized Yiren Digital to repurchase up to 10% of its total issued and outstanding ordinary shares and/or American depositary shares for up to $20 million over the next 12 months.
The company may conduct repurchases in the open market, privately negotiated transactions, block trades, or other legally permitted methods, including Rule 10b5-1 trading plans.
Repurchase Timing And Funding Yiren Digital said the timing and size of any buybacks will depend on market conditions, trading price, trading volume, and other factors.
