Pam Sets Dutch Auction to Buy Back Shares; Battered Stock Price Soars - P.A.M. Transportation (NASDAQ:PTSI)

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Pam Sets Dutch Auction to Buy Back Shares; Battered Stock Price Soars - P.A.M. Transportation (NASDAQ:PTSI)

Pam Transportation (NASDAQ: PTSI), the auto industry-focused truckload carrier whose stock has been battered in the past year and beyond, is buying back some of its shares through a process known as a Dutch auction.  Companies buy back their stock frequently but generally do so in a lower-key manner, entering the market as an occasional or frequent buyer operating through the normal processes of the equity markets. Companies often declare their …