01:49 PM EDT, 03/17/2025 (MT Newswires) -- (Updates with the latest stock movement in the first paragraph and headline.)

American Eagle Outfitters ( AEO ) shares were up more than 8% in recent trading Monday after the company entered into an accelerated share repurchase agreement with Bank of America (BAC) to repurchase $200 million of its common stock.

Based on Friday's closing price, the company said it would purchase about 18.1 million shares, representing roughly 9.5% of its diluted outstanding stock.

The accelerated share repurchase is part of the company's existing share repurchase authorization of 68.5 million shares, it added.

Price: 12.02, Change: +0.96, Percent Change: +8.63