Will EXEL's Share Repurchase Program Boost Value for Investors?

Key Takeaways Exelixis authorized $1B in repurchases through 2025, having bought $796.3M shares as of June 30.EXEL's average buyback price was $36.69 per share, cutting shares outstanding to 284.4M.EXEL's average buyback price was $36.69 per share, cutting shares outstanding to 284.4M.Exelixis ((EXEL) has been consistently repurchasing shares in the past couple of years to boost shareholders’ gain.Share repurchases reduce the number of shares outstanding, thereby boosting the bottom line. This, in turn, can ...