By Chris Wack
Joint Corp. shares rose 17%, to $12.95, after the company said its board of directors has authorized a stock-repurchase program of up to $5 million.
The Scottsdale, Ariz., chiropractic-care company said Thursday that it expects the share buyback to begin in August.
The timing, number and amount of any repurchases will be determined by the company's finance committee of the board of directors at its discretion, said Joint. The stock-repurchase program has a termination date of June 3, 2027, and may be suspended or discontinued at any time, the company added.
Joint shares are down 17% in the past 12 months.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
June 05, 2025 10:45 ET (14:45 GMT)
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