Smith & Wesson Brands gains on $50 mln share buyback plan
20/09/2023 12:47
** Shares of gunmaker Smith & Wesson Brands SWBI.O rise
3.3% at $12.03 premarket
** Co's board authorizes new $50 million share repurchase
program through Sept. 19, 2024
** "We intend to rebalance our capital allocation strategy
towards returning excess capital to our stockholders," says CEO
Mark Smith
** Up to last close, stock up 35.6% YTD
(Reporting by Sourasis Bose in Bengaluru)
((Sourasis.bose@thomsonreuters.com))