DJ Ever-Glory International Up 127% on Stock Buyback Program
By Josh Beckerman
Ever-Glory International Group Inc. shares surged 127% to $5.14 Monday after the company announced a stock buyback program of up to $5 million late Sunday.
Volume was more than 117 million shares, compared with a 65-day average of 565,995.
Ever-Glory, a Chinese apparel maker and retailer, also provides supply chain services to other companies.
Ever-Glory said it may buy shares from time to time through open market and privately negotiated transactions.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
August 02, 2021 12:45 ET (16:45 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.