Skillz Shares Rise 19%; To Buyback Up To $65 Mln Of Shares

Shares of Skillz Inc. (SKLZ), a mobile games platform, are rising more than 19% Monday morning after the company announced a share buyback program of up to $65 million.

The Board also authorized management to explore options to repurchase up to $65 million of the company’s outstanding 10.25% Senior Secured Notes due 2026.

SKLZ is at $8.71 currently. It has traded in the range of $7.32 – $32.80 in the last 1 year.

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