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Jarden Corp. (JAH) Has Broken Out To A New High On Repurchase News

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Jarden Corp. (JAH: Quote) announced Thursday morning that its Board of Directors has authorized an increase to its current share repurchase program, to $500 million. Jarden has also agreed to repurchase an aggregate of $250 million worth of common stock pursuant to Accelerated Stock Repurchase Agreements.

Jarden has been rising since the open of trade Thursday and is now up 1.79 at $63.07. The stock has climbed past the upper end of a 1-month range and has set a new high for the year.

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by RTT Staff Writer

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