09:56 AM EDT, 10/09/2024 (MT Newswires) -- Nisun International Enterprise Development Group ( NISN ) said Wednesday its board has approved a stock buyback plan of up to $15 million of outstanding class A common shares through the next 12 months.

The company said it will finance the repurchase plan through its cash on hand and profit from its operations.

Nisun shares dropped past 20% in recent Wednesday trading.

Price: 15.31, Change: -3.87, Percent Change: -20.18