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Chatter says trading desks are busy with corporate buyback activity today as CFOs take advantage...

Chatter says trading desks are busy with corporate buyback activity today as CFOs take advantage of a little selling to put repurchase plans into action. AAPL is the gorilla, having bumped its authorization to $60B from $10B. Others of note include: LyondellBasel (LYB), Merck (MRK) - which just entered an accelerated repurchase program, NetApp (NTAP), Northrop Grumman (NOC), Macy's (M), and Delta (DAL). There's also IBM - long with a reputation for issuing debt at lows in yield. Is their equity timing as good?
Comments (6)
  • A few months ago, I bought Apple at $509. Today, I think the stock is far more attractive, in every category.

     

    I have been buying every day. I will continue until my bank offers more than 3% on savings.

     

    I realize that my bank savings are more "secure", but the recent developments at Apple have given me sufficient assurance.
    23 May 2013, 04:24 PM Reply Like
  • is your bank giving 3%?
    23 May 2013, 04:49 PM Reply Like
  • Can anyone explain what this means to us?
    23 May 2013, 05:43 PM Reply Like
  • So, how many of these "undervalued" shares has APPL actually bought back? Does anyone really know? How many did they buy back with the original $10 billion that weren't just to cover stock options being exercised? Apple's up about $10 from the recent low, and the moves upward have been choppy, to say the least. If Apple is really doing any buybacks, it doesn't sound like it's enough to move the needle much.
    23 May 2013, 05:44 PM Reply Like
  • Haven't checked aapls volume lately must be why stock has been up on bad market days
    23 May 2013, 07:25 PM Reply Like
  • For the most part, Apple trades down on good market days and is up or flat on down market days. Similar to gold, so it seems.
    23 May 2013, 10:00 PM Reply Like
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