The company said it will boost its share repurchase rate by $1 billion in the second quarter.
News of the appointment of the CEOs successor and the boost in FLRs repurchase program helped ease the stocks overall reading of uncertainty, sending options implied volatility 9.1% lower to 30.43% as of 12 45 pm in New York trading.
In April Apple announced that it would boost its share repurchase program from $10 billion to $60 billion, as part of a $100 billion effort, executed with cash, set to conclude by the end of calendar 2015.
Intel could get a near-term lift from a boosted dividend and repurchase announcement, but concerns linger.
As detailed later in this report, ExxonMobil aggressively uses stock repurchases to boost share prices, a move that in turn inflates Tillerson's equity-based pay.
But the announcement of the stock repurchase seemed to boost their confidence in News Corporation on Tuesday.
Last week Tribunes shares dropped to a low of $22.78 on Aug. 16, lower than the closing price on June 1, 2006 when Tribune announced a massive repurchase program to boost the share price which had been languishing.
This strengthens the case for QE to be conducted through purchases of mortgage-backed securities rather than Treasuries.If Mr Stein's story is right, we should expect to see corporations exploiting the drop in long-term rates to refinance short-term debt and repurchase stock but not boost capital spending, and individuals exploiting the drop in mortgage rates to refinance and to buy houses.
Bally has about $1 per share in cash on the books".Bally cranks out a lot of free cash flow," says Moroney, "and a sizable cash position provides flexibility to repurchase shares, repay debt or boost spending on research and development".
And if they knew that applied research in the US National Institutes of Health publicly funded labs has led to 75% of the most radical new drugs – while private pharma focuses on more secure variations of existing drugs, boosting their stock prices through huge share repurchase schemes – it would be much harder to claim that Obama is "meddling" in Americans' healthcare.
Companies authorize stock repurchase plans all the time to boost the value of their stock.
