11:31 AM EDT, 06/21/2024 (MT Newswires) -- (Updates with share price movement in the headline and first paragraph, additional detail in second paragraph)

Asana (ASAN) shares rose more than 9% in Friday trading after the company said its board has approved a buyback program of up to $150 million of its class A shares through June 30, 2025.

The company said Thursday it may repurchase shares in the open market, through privately negotiated transactions or structured repurchase deals with third parties.

Price: 12.38, Change: +1.01, Percent Change: +8.88