UCLOUDLINK (UCL) shares jump 22.38% intraday after $2M share buyback announcement
ByAinvest Wire
Monday, Aug 17, 2026 9:37 am ET1min read
UCL--
UCLOUDLINK (UCL) shares surged 22.38% in intraday trading after the company announced its board authorized a share repurchase program for up to US$2,000,000 of Class A ordinary shares. The buyback program is valid until December 31, 2027, with shares to be funded from existing cash balances and used for employee stock ownership plans or cancellation.
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