CoreCivic (CXW) said Monday its board approved an additional $200 million for its share repurchase program, raising the total authorization to $700 million.

The company said that since the program began in May 2022, it has bought back 21.5 million shares for $322.1 million.

As of Nov. 7, CoreCivic had $377.9 million remaining under the expanded authorization, the company said.

Shares of the company were up 6% in recent trading.

Price: 17.96, Change: +1.01, Percent Change: +5.96