Staar Surgical Shares Rise on $50M Buyback Plans
Dow Jones2026/09/25 14:59By Adriano Marchese
Staar Surgical shares advanced Friday after the company said its board authorized a $50 million share-buyback program.
Shares rose 6.3% to $20.27.
The vision-correction solutions company said the decision was based on the board's confidence in its business progress, as well as its strong balance sheet and free-cash-flow levels.
Shares have been under pressure in 2026, down about 12% since the start of the year including the day's trading. The stock is down 24% over the last 52 weeks.
The company currently has $181.5 million in liquidity to use towards the repurchases, it said.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
September 25, 2026 10:59 ET (14:59 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bank of Japan minutes turn hawkish: Most members believe a rate hike is needed soon, with a 70% probability of a hike in December
Minutes from the Bank of Japan show that several members believe a rate hike is needed in the near term, with a roughly 70% probability of an increase in December. Core inflation has met the target for the first time in 30 years, and the current policy rate stands at 1.25%.
Former Chainlink Product Marketing Director Michael Robinson joins Monad Foundation
The Federal Reserve Eyes $1.8 Trillion in “Shadow Credit”: Dallas and New York Fed Launch First Private Credit Survey
The Dallas and New York Federal Reserves have launched an investigation into private credit lending standards, covering an industry worth 1.8 trillions USD, with a minimum threshold of 50 millions USD. The results will be released in the first quarter of 2027.
Tom Lee Says a VIX Signal Points to a Stock Market Bottom
Crypto prices
More
