What is the expected timeline for executing the repurchase and how might it influence short‑term price momentum?

Timeline: The board’s approval simply restores the $50 million buying capacity; the actual purchases will be driven by the newly adopted Rule 10b5‑1 plan, which is designed to execute trades on a pre‑set schedule (e.g., daily or weekly) over a multi‑month horizon. In practice, companies of FC’s size typically roll out the program within a few weeks and spread the buying over 12‑18 months to stay under the “10‑day rule” and avoid market impact. Expect the first trades to appear in the market within the next 2‑4 weeks, with a steady cadence thereafter.

Short‑term price momentum: The announcement alone is a modest bullish catalyst (sentiment ≈ +60). Because the repurchase is a “quiet‑buy” strategy, the immediate effect will be a gradual lift in demand rather than a sharp spike. Technically, FC is currently hovering just above its 20‑day SMA and near a modest support zone around $22.50. If early 10b5‑1 purchases add buying pressure, we could see the price break above the 20‑day SMA with a modest upside to the $24‑$25 range, especially on higher‑than‑average volume. Traders can look for a short‑term “break‑and‑hold” pattern: consider entering on a pull‑back to the $22.50‑$23.00 area with a stop just below the recent low, and target the $24‑$25 resistance. A sudden surge in volume or a series of small upside candles in the next 1‑2 weeks would confirm that the repurchase is kicking in and could provide the momentum needed for a short‑term rally.