🟢 Commerce.com is trading 7.31% up in pre-market after announcing restructuring and a $50 million buyback

Commerce.com is trading 7.31% up now at $2.79 after announcing a corporate restructuring plan and a new $50 million share repurchase program.

• The measures are intended to reduce costs, align staffing with the company’s cost structure, and improve profitability.
• The company’s investor-relations site is the relevant official source for its announcements.
• Broader markets are modestly weaker, so the company-specific announcement appears to be the primary catalyst.