US Stock Market Move | Lexinfintech Holdings Ltd. Sponsored ADR Class A (LX.US) rose nearly 15%. The company announced a $60 million stock repurchase plan.

On Monday, Lexinfintech Holdings Ltd. Sponsored ADR Class A (LX.US) rose nearly 15%, closing at $7.26. In terms of news, Lexinfintech Holdings Ltd. Sponsored ADR Class A announced on July 21 a $60 million stock repurchase plan. The board of directors authorized the company to repurchase up to $50 million of the company's stock over the next 12 months, while CEO Xiao Wenjie plans to personally invest up to $10 million to increase the company's ADS. In the first quarter of 2025, Lexinfintech Holdings Ltd. Sponsored ADR Class A reported a profit of 580 million yuan, a year-on-year increase of 104.7%, and the company raised the dividend rate twice in the first half of the year. If the full amount of the repurchase is executed, combined with the increased dividend rate, the company's shareholder return rate will increase to approximately 13%.