Here's Why BeautyHealth Stock Soared Today

Here's Why BeautyHealth Stock Soared Today

Shares of The Beauty Health Company (NASDAQ: SKIN), which is known for its Hydrafacial treatments, soared on Tuesday after the company announced that it was using its strong balance sheet to reward shareholders. As of 12:45 p.m. ET, BeautyHealth stock was up 11%. According to today's official press release, BeautyHealth's management is using $200 million to repurchase shares.