Northrop Grumman Corp. (NOC) announced after the close Thursday that its board of directors has authorized an additional $4 billion for the repurchase of the company's common stock.
Northrop Grumman gapped up Friday and spiked higher in early trade, before settling into a narrow range. Shares finished up by 3.17 at $82.19 on the highest volume of the year. The stock has been on an upward trend for over 2 months and set a new high for the year.
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