NRG Energy Inc. (NRG) announced after the bell Monday that it authorized the repurchase of $251 million of its common stock, which will be made up of the $51 million remaining from the previously announced share repurchase program and an additional $200 million. The stock is now up 0.72 on 291K shares.
NRG Energy steadily declined throughout Monday's session and finished with a loss of 1.58 at $16.40 on above average volume. The stock has been on a downward trend for the past 3 months and sank to a new low for the year.
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