WebMD May Spend $50M in Stock Buy-Back

Share this article:
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.


Share this article:

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in Opinions

The Challenge of Changeable Customers

The Challenge of Changeable Customers

When it comes to behavioral targeting, I'm never surprised by the ads I'm served on my personal Mac.

Spoiled for Choice: Answers

Spoiled for Choice: Answers

Sterling Worldwide is hiring a new VP of sales and marketing. Should the CRM expert or the data person get the job? See what our readers has to say.

Peering Into the Marketing Future

Peering Into the Marketing Future

You've heard it many times before: The only constant is change. Not really. Sometimes, the only constant is stubborn resistance. This year we'll see a mix of both.