10:00 AM EDT, 05/22/2024 (MT Newswires) -- LegalZoom.com ( LZ ) said Wednesday its board has authorized a $75 million increase in its stock buyback program, making $116 million now available for share repurchases.

The legal services company said stock buybacks can be made from time to time and may include accelerated stock repurchase agreements, open-market or privately negotiated transactions, or Rule 10b5-1 plans allowing company insiders to diversify their personal portfolios.

LegalZoom.com ( LZ ) shares were 2.8% higher in recent Wednesday trading.

Price: 8.73, Change: +0.24, Percent Change: +2.83