Supporting materials for share bulls may be the record-breaking scale of American companies' share buyback announcements.
September 5, 2024 1:08 JST (excerpt)
US companies announced a new $107 billion share buyback plan in August - Bilinie
Share buybacks are spreading to companies other than large-cap technology and telecommunications companies.
After the significant decline in stock prices on the 3rd, share buybacks by US companies may support bullish investors looking for reassuring factors.
According to data from Billiny Associates, a stock market analysis firm, US companies announced new share buyback plans worth $107 billion (approximately 15.44 trillion yen) last month. This amount exceeds the previous record for August and is 17% higher than the highest amount recorded in 2021.
US companies announced a new $107 billion share buyback plan in August - Bilinie
Share buybacks are spreading to companies other than large-cap technology and telecommunications companies.
After the significant decline in stock prices on the 3rd, share buybacks by US companies may support bullish investors looking for reassuring factors.
According to data from Billiny Associates, a stock market analysis firm, US companies announced new share buyback plans worth $107 billion (approximately 15.44 trillion yen) last month. This amount exceeds the previous record for August and is 17% higher than the highest amount recorded in 2021.
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