24/7 Market News – (NYSE:QD) shares are moving higher up 22% this morning on 1,415 trades and almost a million shares in volume.

Shares are currently .88 and look to be rising on news of an approval of a up to 200 million dollars share buyback program. This is a NY listed Chinees company.

https://www.prnewswire.com/news-releases/qudian-inc-announces-up-to-us200-million-share-repurchase-program-301567324.html

Qudian Inc. Announces up to US$200 Million Share Repurchase Program

XIAMEN, China, June 14, 2022 /PRNewswire/ — Qudian Inc. (“Qudian” or “the Company” or “We”) (NYSE: QD), a consumer-oriented technology company in China, today announced that its board of directors has authorized a share repurchase program under which the Company may repurchase up to US$200 million worth of its outstanding (i) American depositary shares (“ADSs”), each representing one Class A ordinary share, and/or (ii) Class A ordinary shares over the next 24 months starting from June 13, 2022.