Netflix to buy back stock
Board approves plan to buy $150 mil worth
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The plan adds to a separate $100 million repurchase program announced in January. The company has completed that buy back, repurchasing about 3.8 million of its shares at an average price of $25.96 per share.
Netflix shares jumped 78¢, or 2.6%, to $31.40 in after-hours trading. The stock dropped $1.48, or 4.6%, to end regular trading at $30.62 following a broad-based sell-off in the markets.
