Shares of Sunlands Technology Group (STG) are surging about 66 percent in Friday morning trading after the company announced that its Board of Directors has approved a share repurchase program to repurchase up to $50 million of its Class A ordinary shares in the form of American depositary shares over the next 3 years.
The company's shares are currently trading at $4.51 on the New York Stock Exchange, up 66.44 percent. The stock opened at $5.16 and has climbed as high as $5.27 so far in today's session. Over the past year, it has traded in a range of $2.62 to $15.00.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.