P.A.M. Transportation Services, Inc. completed a share repurchase program that was authorized in November 2010 to acquire 500,000 shares of the company’s common stock.
The Tontitown-based trucking company’s board of directors has authorized a new repurchase program under which the company can repurchase up to 500,000 additional shares of P.A.M.’s common stock.
Under the stock repurchase program, shares may be purchased in open market or privately negotiated transactions, subject to market conditions, share price and other considerations.
Shares of P.A.M. Transportation closed Friday at $10.17. The company’s stock has seen a 52-week high of $13.61 per share and a 52-week low of $9.12.