07:37 AM EDT, 09/10/2024 (MT Newswires) -- InMode ( INMD ) said Tuesday its board has approved a new share repurchase program of up to about 7.7 million ordinary shares.

The repurchases will be funded with available cash and may be initiated, paused, or terminated at any time, the company said.

InMode ( INMD ) shares were up over 5% in recent premarket trading.

Price: 16.30, Change: +0.78, Percent Change: +5.03