Sold Some iRobot (IRBT) at 14 $Pi ($43.98)

iRobot (IRBT), after the market closed on 02014.04.02, reported that they had allocated $50 million to buyback IRBT shares over the span of the next year. "The Board's authorization of a share repurchase program reflects our confidence in the health and long-term outlook of the company. With a strong balance sheet and cash flows, we believe we can take advantage of volatile market conditions to buy back our shares while maintaining the flexibility to make strategic investments in our future." -- Colin Angle, iRobot's chairman and CEO

IRBT closed yesterday (02014.04.02) at $42.82. 52-week range: $23.76 - $48.36. At $42.82, approximately 1,167,678 shares could be purchased and that's ~4% of the all IRBT shares.

iRobot's buyback announcement resulted in a "sell" order to be executed at 14 $Pi ($43.98).

[02014.04.03] IRBT closed down a nickel today (02014.04.03) at $42.77. Day's range: $42.15 - $44.43. Volume was below the trailing-3-month average.