StockGuru News: Commerce Planet (CPNE) Provides Stock Repurchase Program Update
Today’s Volume Up More than 117% from the 10 Day AverageGOLETA, Calif.–(BUSINESS WIRE)–Commerce Planet, Inc. today provided an update on the Company’s stock repurchase program. According to the program, established in November 2006, Commerce Planet may repurchase up to $2,000,000 of its common outstanding stock through open market or privately negotiated transactions at prices deemed appropriate by management. As of today, the Company has purchased approximately $1,000,000 of the Company’s outstanding common stock pursuant to the program and the Company intends to purchase additional shares at the current stock price. The timing and amount of repurchase transactions under the program…