WebMD May Spend $50M in Stock Buy-back Program

Share this content:
WebMD Corp., Elmwood, NJ, yesterday announced that it may use up to $50 million to buy back shares of its common stock from time to time beginning next week.

The company said the purchases may be made in either open market or private transactions. Spokeswoman Jennifer Meyer said the company wouldn't likely comment on the reasons behind the move any time soon.

WebMD, like all public firms of late, has seen its stock plummet. The company's stock was hovering near $5 at press time.

The online medical site last fall began focusing more heavily on providing business-to-business software for the healthcare industry after making its name as a consumer content site since its inception in 1996.

Sign up to our newsletters

Company of the Week

Since 1985, Melissa has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above