SonoSite Inc. (SONO) announced Monday morning that its Board of Directors authorized the repurchase of up to $150 million of the company's common stock or outstanding convertible notes for cash.
SonoSite Inc. gapped open higher Monday and climbed in early trade, before settling into a narrow range. Shares advanced further during the final hour of the afternoon and finished up by $2.51 at $28.61 on above average volume. The stock has been rising steadily for the past week and a half and set a new high for the year.
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