SRX Global Stock Pops, But the Buyback Math Is What Traders May Be Missing

SRX Global Inc. jumped on Thursday after the board cleared a buyback of up to $20 million, but the cleaner investor read is in the arithmetic: at the latest quoted price of $2.53, the cash authorization would retire about 7.9 million shares, not the full 10 million-share headline cap, unless the company buys at an average price near $2.00. The company said the plan runs until July 9, 2027 and may cover up to 10 million shares or 50% of shares outstanding.