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Richtech Robotics Stock Surges 17% After Announcing $12 Million Share Buyback Plan
Richtech Robotics (NASDAQ: RR) shares soared 17% by 12:45 p.m. ET on Tuesday after the company revealed plans to repurchase $12 million worth of its stock. The Las Vegas-based robotics company's stock had fallen 35% in the first half of this year, which it views as an opportunity to buy back shares at a lower price.
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