10 Firms Kick Off Monday Leading Gains

5. American Eagle Outfitters Inc. (NYSE:AEO)

American Eagle rose for a second day on Monday, adding 8.77 percent to finish at $12.03 each following news that it would embark on a $200-million share buyback program.

In a statement, AEO said it entered into an accelerated share repurchase program with Bank of America to repurchase $200 million of its common stock, equating to roughly 18.1 million shares at the closing price on March 14, 2025.

The company said it intended to complete the buyback in connection with its existing share repurchase buyback of 68.5 million shares.

“We are pleased to announce an accelerated share repurchase program, which reflects our strong capital position and confidence in our long-term strategic growth plan. This program, combined with our quarterly cash dividend, underscores our commitment to a balanced approach to capital allocation and delivering strong returns to shareholders,” said AEO Chairman and Chief Executive Officer Jay Schottenstein.