Gymboree (GYMB) Rose Almost 4% Today
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Gymboree (Nasdaq: GYMB) rose close to 4% today after announcing an additional share buyback, which the company may fund the purchase through debt.
Gymboree said it had completed the buyback of shares worth $50 million. The Company has bought back about 1.4 million shares of its outstanding common stock, which was authorized by its board in July this year. The company just announced an additional $25 million in buybacks.
The Gymboree Corporation is a specialty retailer operating stores selling apparel and accessories for children under the GYMBOREE and JANIE AND JACK brands, as well as play programs for children under the GYMBOREE PLAY & MUSIC brand.
Gymboree said it had completed the buyback of shares worth $50 million. The Company has bought back about 1.4 million shares of its outstanding common stock, which was authorized by its board in July this year. The company just announced an additional $25 million in buybacks.
The Gymboree Corporation is a specialty retailer operating stores selling apparel and accessories for children under the GYMBOREE and JANIE AND JACK brands, as well as play programs for children under the GYMBOREE PLAY & MUSIC brand.
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