3 Stocks That Authorized $1 Billion Stock Buybacks to Boost Value

Numerous stock buyback or repurchase authorization announcements were made throughout 2024. For the most part, they have become commonplace. A buyback authorization is not an obligation or requirement to buy back stock but more so permission to repurchase shares. The company has the option to buy stock whenever it chooses under the conditions of the buyback plan. This distinction is critical as investors tend to believe a stock repurchase authorization means the company is immediately and furiously buying i ...