11:15 AM EDT, 07/02/2025 (MT Newswires) -- (Updates to include recent stock movement in the headline and first paragraph.)

Enovix ( ENVX ) shares were up more than 8% in recent Wednesday trading after the company said its board approved a repurchase program for up to $60 million shares.

The buyback authorization is effective from June 30, and any unused capacity will expire on Dec. 31, 2026, the company said.

Price: 11.01, Change: +0.86, Percent Change: +8.47