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Stock impact report

Why Lantheus Holdings Stock Won Big on Wednesday [Yahoo! Finance]

Lantheus Holdings, Inc. (LNTH) 
Last lantheus holdings, inc. earnings: 2/25 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.lantheus.com/investor-relations
Company Research Source: Yahoo! Finance
The company saw its share price improve by almost 9% at market close, thanks to news of a shareholder-pleasing move. That gain far outpaced the S&P 500 index, which ended up closing flat on the day. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » Well before market open, Lantheus announced the launch of a $250 million share repurchase program. The initiative will be in force for one year. As is typical for stock buybacks, this one will be conducted from time to time through open market purchases at management's discretion. Lantheus isn't generally known as a buyer of its own stock, which is one reason for the upbeat -- and likely somewhat surprised -- investor reaction. Over the trailing five years, it has only enacted repurchases in 2022, when it spent a comparatively modest $75 million on the activity. In the press release trumpeting the new move, the specialized pharmaceutical company quoted CEO Brian Markison as s Show less Read more
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