Rexhall Will Buy Up to 100,000 Shares of Stock
Rexhall Industries Inc., the Lancaster motor home maker, said it will purchase up to 100,000 shares of its stock in the open market. The company’s stock has traded in the $5 to $6 per share range.
Companies typically launch stock buybacks to drive up the price of shares. In late 1996, Rexhall’s stock was trading at $11 a share.
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