Tobacco and nicotine products company British American Tobacco (NYSE: BTI) recently said it had repurchased 150,000 shares of stock at an average price of about $32. Companies repurchase their stock all the time; once purchased, it’s taken out of circulation, which reduces the number of shares outstanding. Companies repurchase shares for various reasons, often to […]
Tag: Buyback
Real Madrid set to sell youngster for €15 million, will have €30 million+ buyback clause
Real Madrid set to sell youngster for €15 million, will have €30 million+ buyback clause While the transfer window is still not officially open, it appears that Real Madrid are already closing in on their first sale of the summer. Indeed, Real Madrid are closing on sanctioning the departure of young defender Rafa Marin, who […]
Caterpillar boosts buyback authorization by $20 billion, raises dividend
(Reuters) -Caterpillar has raised its share repurchase authorization by $20 billion and quarterly dividend by 8%, the company said on Wednesday, sending its shares up 2%. With the expanded authorization, the company may now repurchase up to $21.8 billion of its common stock. The heavy machinery maker expects to continue to return substantially all free […]
GM cuts EV production forecast, approves $6 billion share buyback
By Ananta Agarwal, Nathan Gomes and Nora Eckert (Reuters) – General Motors cut its annual EV production forecast and announced a new $6 billion share buyback plan on Tuesday, as the automaker banks on demand from its gasoline-powered models. GM now projects the higher end of its 2024 EV production to be 250,000 units, down […]
GM authorizes $6B share buyback program, raises dividend 33%
General Motors (GM) has authorized a new $6 billion share buyback program and raised its quarterly dividend by 33%, citing the growth of its electric vehicle business. Yahoo Finance’s Alexandra Canal and Brad Smith break down the company’s valuation and the growth of corporate buybacks this year. For more expert insight and the latest market […]
3 Buyback Titans That Could Help Set You Up for Life
There’s a simple motto that sums up how to invest: Buy low, sell high. It sounds easy, but it’s more difficult in practice. However, there are ways for investors to maximize their chances of buying low and selling high. One is to hold onto investments for a long time, thus giving the power of compounding […]
Stock Market Today; Dow Jones Slides Ahead Of Fed Report; Robinhood Jumps On Buyback Plan
Dow Jones futures fell more than 250 points Wednesday morning, as Wall Street awaited the Federal Reserve’s Beige Book on economic conditions. Artificial intelligence giant Nvidia (NVDA) looked to set more record highs Wednesday, while Robinhood Markets (HOOD) jumped on the stock market today after the company announced a stock buyback. X Prior to the […]
4 Energy Companies Announcing Aggressive Buyback Programs
A share buyback, also known as a stock repurchase, occurs when a company buys back its own shares from the marketplace. This practice reduces the number of outstanding shares, which can increase the value of remaining shares and boost earnings per share (EPS). Over recent decades, share buybacks have become a preferred method for returning […]
Does Lam Research’s $10 Billion Buyback Make Its Stock Worth Buying?
Lam Research (NASDAQ: LRCX) recently made two major announcements. First, it approved a 10-for-1 stock split, which should take place on Oct. 2. That will mark its third stock split following its 3-for-2 split in 1993 and 3-for-1 split in 2000. Second, Lam approved a $10 billion buyback plan with no termination date. CFO Doug […]
Sacramento police net at least 17 firearms at gun buyback on north side of capital
The Sacramento Police Department collected at least 17 firearms on Saturday morning as part of a three-hour gun-buyback event at the William J. Kinney Police Facility in the Hagginwood neighborhood, said spokesman Cody Tapley. The number was small, compared with a May 2023 event that Tapley said netted 128 firearms within 2 hours. but Roger […]
This Other Buyback Stock Soared 28% Over the Last Year, and Could Be Headed Even Higher
Earlier this month, iPhone maker Apple turned heads after announcing a $110 billion stock buyback. On the surface, this looks like great news for investors. However, I see the latest buyback as a way to distract investors from the operational challenges Apple faces. Investors may be finally getting fed up, as shares of Apple are […]
Apple Just Announced a $110 Billion Stock Buyback. Here’s Why I Still Wouldn’t Buy the Stock.
Earnings season is in full swing, and all eyes are on the “Magnificent Seven” stocks. Apple (NASDAQ: AAPL) just hit the earnings tape with one major headline: a $110 billion stock buyback authorization. This is a notable announcement, as it marks the largest share buyback in U.S. corporate history. Let’s break down why stock buybacks […]