Tarena Stock Gains On New Stock Buyback Plan

• Tarena International Inc (NASDAQ:TEDU) said its board of directors has authorized a share repurchase program of up to $2.5 million of its shares over six months.
• The company's proposed repurchases may be made from time to time through open market transactions at prevailing market prices.
• The company expects to fund the repurchases with its existing cash balance.
• Tarena held $47.3 million in cash and equivalents as of September 30, 2021.
• Price Action: TEDU shares are trading higher by 19.6% at $2.02 on the last check Friday.