Sally Beauty Holdings (SBH) announced after the close Tuesday that its Board of Directors approved a new share repurchase program authorizing the Company to repurchase up to $700 million of its common stock.
Sally Beauty Holdings gapped open higher Wednesday and climbed during the first half of the morning. Shares ended the session with a gain of 0.97 at $29.45 on above average volume. The stock has been on an upward trend for the last 2 months and set a new high for the year.
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