Acorn International Inc. (ATV) announced Monday morning that its Board of Directors has authorized a share repurchase program for up to US$2 million worth of its American depositary shares in the next year.
Acorn International gapped up sharply Monday and climbed sharply during the first hour of trade. The stock ended the day with a gain of 3.33 at $7.34 on the highest volume of the year. Acorn International jumped to nearly a 1-month high.
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