By Dean Seal
Shares of Ecarx jumped after the company's board of directors approved an additional $20 million in stock buybacks under the program approved last December.
The stock was up 14% at $1.14 in early trading. Shares were trading at $1.95 this time a year ago and have fallen 46% since the start of 2025.
The provider of mobility-technology services said Tuesday that the approval brings the total repurchase authorization up to $40 million.
The term of the program also has been extended to March 31, 2026.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
April 08, 2025 09:59 ET (13:59 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.