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Why RLX Technology Stock Jumped Today

TheMotleyFool

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Shares of RLX Technology (NYSE: RLX) were surging today after the Chinese e-cigarette company announced a share repurchase program in response to its dwindling stock price.

Investors cheered the news, sending the stock up 25% as of 2:06 p.m. ET.

Image source: Getty Images.

Source Fool.com

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