Limoneira Stock Rises 3% On $30Mln Share Buyback Plan

(RTTNews) - Limoneira Company (LMNR) is trading at $19.26, up 3.08 percent or $0.57 during Monday's trading, after announcing that its board has approved a $30 million share repurchase authorization.

The stock opened at $19.49 and has traded between $19.06 and $21.39 so far, compared to a previous close of $18.51 on the Nasdaq. Trading volume has reached 183,158 shares, significantly above the average volume of 62,587. The stock's 52-week range is $17.80 to $29.22.

The company also concluded its previously announced strategic alternatives exploration but remains open to potential M&A opportunities while advancing its asset monetization initiatives.