Tempur-Pedic bought back stock in downdraft
6/8/12 8:53 AM ET (MarketWatch)
NEW YORK (MarketWatch) -- Tempur-Pedic International Inc. said Friday it used its $200 million stock buyback plan to purchase shares during a drop in their share price in the last two day. This week, Tempur-Pedic's stock has fallen from about $40 to the low $20s. Shares of Tempur-Pedic rose 0.5% to $22.50 in premarket trades.