Published May 5, 2017 8:05am EDT | Updated May 5, 2017 10:05am EDT

Oppenheimer Board Approves Buyback Of Up To 650,000 Shares

Oppenheimer Holdings Inc. said Friday its board has approved a share buyback of up to 650,000 of its Class A non-voting common stock. The new authorization adds to the 40,734 share that remain under a previous program. Shares of the middle-market investment bank were not yet active in premarket trade, but are down 10% in 2017, while the S&P 500 has gained 6.7%.