India, May 29 -- Shares of Sunlands Technology Group (STG) are surging about 66 percent in Friday morning trading after the company announced that its Board of Directors has approved a share repurchase program to repurchase up to $50 million of its Class A ordinary shares in the form of American depositary shares over the next 3 years.
The company's shares are currently trading at $4.51 on the New York Stock Exchange, up 66.44 percent. The stock opened at $5.16 and has climbed as high as $5.27 so far in today's session. Over the past year, it has traded in a range of $2.62 to $15.00.
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