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June 14, 2022, 6:23 a.m. EDT

Quidan stock soars after $200 million stock repurchase program tops market cap

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By Tomi Kilgore

The U.S. listed-shares of Quidan Inc. /zigman2/quotes/202957232/composite QD +2.88% soared 26.2% in premarket trading Tuesday, after the China-based online consumer finance company announced a $200 million stock repurchase program. The new program is more than the Quidan's market capitalization of $182.7 million as of Monday's closing prices, according to FactSet. The stock has run up 14.3% over the past three months through Monday, while the Invesco Golden Dragon China ETF /zigman2/quotes/207362625/composite PGJ +1.48% has hiked up 32.7% and the S&P 500 /zigman2/quotes/210599714/realtime SPX +2.13% has dropped 10.2%.

/zigman2/quotes/202957232/composite
US : U.S.: NYSE
$ 1.07
+0.03 +2.88%
Volume: 580,365
Aug. 10, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$262.57 million
Rev. per Employee
$236,378
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/zigman2/quotes/207362625/composite
US : U.S.: Nasdaq
$ 28.81
+0.42 +1.48%
Volume: 83,331
Aug. 10, 2022 4:15p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,210.24
+87.77 +2.13%
Volume: 2.22B
Aug. 10, 2022 5:27p
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