US companies announced more than $300 billion in new buybacks in the first quarter, with March seeing a robust year-over-year increase, suggesting buyback activities have sustained resilience in recent weeks, according to financial data firms EPFR and Informa Financial Intelligence.
103047546 : Companies buy back their own shares, generally speaking
Inject additional buying and liquidity into your secondary market stocks to reduce the risk of being heavily shorted
Send a message to the outside world that the company's share price is undervalued.
Reduce total equity, push up share prices, and reduce valuation multiples (e.g. price-to-earnings ratio PE, etc.)
PlutoMoo102685100 103047546 : Buy backs high== stock undervalued from company pov?
Logically it makes sense
Will be interesting to see if buy backs are leading or trailing indicators of recession
thisway39 : yea
RDK79 : Guess they ‘could’. But maybe not too…
KHINHSUHLAING :
Jovani Martinez : Rocket_JMco