International Shipholding may buyback 1 million shares of stock
International Shipholding Corp. said last week its board of directors has authorized open market repurchases of up to 1 million shares of its common stock.
The company said the program was dependent upon many factors, including the company’s cash requirements, the market price of its common stock, and general economic and market conditions.
Monday the company’s stock closed at $20.34. In the past year its stock has ranged between $14.39 and $26.73.