WebMD May Spend $50M in Stock Buy-Back

Share this content:
WebMD Corp., Elmwood Park, NJ, recently announced it might 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 would be made either in the open market or in private transactions. Spokeswoman Jennifer Meyer said the company was unlikely to comment on the reasons behind the move anytime soon.


WebMD has seen its stock plummet. Shares were hovering near $5 at press time. Its 52-week high was $36.62.


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


Loading links....

Sign up to our newsletters

Company of the Week

Since 1985, Melissa Data 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 Data 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 »

DMN's 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