ON24, Inc. (ONTF) shares are rising on Thursday morning trade after the cloud-based hybrid engagement platform announced an authorization to repurchase up to $50 million common stock. The repurchase program will be funded from the company's existing cash and cash equivalents or future cash flow. The authorization has an 18-month term and ON24 expects to extend over multiple quarters.
Currently, ONTF shares are at $16.30, up 7.04 percent from the previous close of $15.20 on a volume of 571,424. For the 52-week period, the shares have traded in a range of $15.07-$81.98 on average volume of 799,772.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.