Advertisement
Canada markets closed

  • S&P/TSX

    21,969.24
    +83.86 (+0.38%)
     

  • S&P 500

    5,099.96
    +51.54 (+1.02%)
     

  • DOW

    38,239.66
    +153.86 (+0.40%)
     

  • CAD/USD

    0.7316
    -0.0007 (-0.10%)
     

  • CRUDE OIL

    83.66
    +0.09 (+0.11%)
     

  • Bitcoin CAD

    86,264.70
    -1,655.32 (-1.88%)
     

  • CMC Crypto 200

    1,304.48
    -92.06 (-6.59%)
     

  • GOLD FUTURES

    2,349.60
    +7.10 (+0.30%)
     

  • RUSSELL 2000

    2,002.00
    +20.88 (+1.05%)
     

  • 10-Yr Bond

    4.6690
    -0.0370 (-0.79%)
     

  • NASDAQ

    15,927.90
    +316.14 (+2.03%)
     

  • VOLATILITY

    15.03
    -0.34 (-2.21%)
     

  • FTSE

    8,139.83
    +60.97 (+0.75%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • CAD/EUR

    0.6838
    +0.0017 (+0.25%)
     

5 big stock buybacks: Wendy's, Victoria's Secret

Investing.com
·2 min read

By Davit Kirakosyan

Invesing.com -- Here are 5 of last week's biggest share-buyback announcements, all first covered on InvestingPro.

Wendy's (NASDAQ:WEN) jumped 6% Friday after the company announced a new $500 million share repurchase authorization, expiring in February 2027. The company also doubled its dividend to $0.25 per share and released strong preliminary sales numbers for the fourth quarter. For the week, shares were up 1.5%.

Victoria's Secret & Co (NYSE:VSCO) shares gained more than 12% on Wednesday after the company announced a new share-repurchase program of up to $250 million of the company’s common stock. The new share repurchase program is eligible to begin upon exhaustion of the current $250 million program, which is scheduled to be completed by the end of January.

ADVERTISEMENT

Agilent Technologies Inc. (NYSE:A) shares rose more than 5% on Tuesday after the company announced a new share buyback program of up to $2 billion of the company’s common stock.

SYNNEX Corp. (NYSE:SNX) shares rose more than 11% after the company’s reported Q4 beat and announced a new $1 billion share repurchase program and a dividend hike on Tuesday. The share repurchase program is authorized for up to three years, replacing the previous three-year program. The company also increased its quarterly cash dividend by 17% to $0.35 per common share, payable on January 27, 2023 to stockholders of record as of the close of business on January 20, 2023.

Veradigm Inc (NASDAQ:MDRX), formerly Allscripts Healthcare Solutions, Inc., said it would repurchase up to $250 million of its common stock. This replaces the previous $250 million authorization, which was almost fully utilized in 2022. Shares climbed 9% for the week.

***

For tools, data, and content to help you make better investing decisions, try InvestingPro.

Related Articles

5 big stock buybacks: Wendy's, Victoria's Secret

Dow futures tick lower, earnings in focus

Vulcan Energy, Stellantis to develop renewable energy assets in Germany