Why Is STAAR SURGICAL CO (STAA) Stock Moving Today?

Why STAA stock is up today

STAAR Surgical Co (STAA) rose 6.03% to $20.23 in early trading on news of a $50 million share repurchase authorization. The move followed a prior close of $19.08 and a 4.3% gap up at the open. The company plans to use free cash flow and cash on hand for the buyback, which covers up to 5% of its shares outstanding. The announcement came amid a backdrop of recent earnings that beat estimates and ongoing analyst coverage, though the stock has declined significantly from its 52-week high of $35.87.

What Happened

The board of STAAR Surgical Co approved a $50 million share repurchase program over the next 12 months. The company reported $181.5 million in cash, cash equivalents, and investments available for sale as of July 3, 2026. The buyback authorization is intended to return capital to shareholders and reflect confidence in the company’s financial position. The stock opened at $19.89 and reached an intraday high of $20.30 before settling near the open. The move follows a second-quarter earnings report that beat both revenue and earnings estimates.

What The Data Shows

The stock has fallen 17.3% over the last eight sessions, from $23.07 to $19.08. On September 24, it printed two fresh 52-week lows and four fresh 52-week highs. The 52-week range is $15.59 to $35.87. STAA has a market cap of $992.9 million and a P/E ratio of 248.0. Revenue has grown 51.3% in the trailing twelve months, but net margin remains at 1.1%. The stock has a beta of 1.22, indicating higher volatility than the market. Volume so far in the session is 0.0 million shares, which is 0.0 times the 3-month average.

What To Watch

The company has no earnings scheduled in the near term. Investors may watch for changes in coverage breadth or further corporate actions.