Vantage Corp shares rise 11.62% premarket after announcing $1 million share repurchase program.

Vantage Corp (VNTG) surged 11.62% in premarket trading following the announcement of a $1 million share repurchase program. The company stated that its board authorized the buyback to capitalize on what it described as undervalued stock, citing strong fundamentals and growth prospects. By using existing cash reserves, the repurchase signals management’s confidence in the business and commitment to enhancing shareholder value. This move aligns with the stock’s recent underperformance, as VNTG had traded near its 52-week low, making the buyback a strategic effort to stabilize and boost investor sentiment. The program, effective through December 2026, reflects Vantage Corp’s focus on capital allocation and long-term value creation, directly supporting the premarket rally.