The Joint Corp. Shares Surge on Buyback Plan

The Joint Corp., the largest U.S. provider of chiropractic care, has announced a stock repurchase program authorizing up to $5 million in buybacks, set to begin in August 2025 and end by June 3, 2027. The timing and amount of repurchases will be determined by the company’s finance committee, and the program may be suspended or discontinued at any time without obligating the company to buy a specific number of shares. CEO Sanjiv Razdan said the initiative reflects board confidence in the company's long-term strategy, franchise model, and future cash flow. The repurchase can occur via open market or private transactions. Following the announcement, shares of The Joint Corp. surged between 12% and 17%, signaling strong investor optimism. Analysts regard the buyback as a strategic move to enhance shareholder value and highlight the company's robust financial standing.