Green Dot Surges Most Ever After Wal-Mart Deal, Buyback Plan
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Green Dot Corp., the issuer of reloadable prepaid debit cards, jumped 36 percent Tuesday after reaching a new five-year deal with Wal-Mart Stores Inc. and authorizing a $150 million stock buyback.
Shares of Pasadena, California-based Green Dot rose $5.45 to $20.76 at 10:35 a.m. in New York, the most since its July 2010 initial public offering.