Breaking News
Investing Pro 0
Black Friday SALE: Up to 50% OFF InvestingPro+ CLAIM OFFER

Today's Most Important Buybacks

Stock Markets Sep 29, 2022 17:26
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.
 
GWRE
+0.33%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
MNSO
+5.23%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

By Davit Kirakosyan

Like dividends, share repurchases are a way companies can return excess cash to shareholders. Buying back stocks in the open market not only helps support the stock price but also increases earnings per share (EPS) due to a reduced number of shares outstanding.

Below are 2 stock buybacks that grabbed our attention today:

Guidewire (NYSE:GWRE) made an announcement today, according to which it has entered into an accelerated share repurchase agreement with Morgan Stanley & Co. LLC to repurchase an aggregate of $200 million of the company’s outstanding shares of common stock, as part of its previously announced $400 million share repurchase authorization.

Miniso Group Holding Ltd (NYSE:MNSO) announced today that its board of directors authorized and approved a new share repurchase program of up to $100 million of its outstanding ordinary shares and/or American depositary shares representing its ordinary shares over a period of 12 months starting from the date on which the 2022 Share Repurchase Program was approved.

Want to get this news first? Upgrade to InvestingPro for real-time market coverage.

Today's Most Important Buybacks
 

Related Articles

Midday movers: DoorDash, Workday, Hormel and more
Midday movers: DoorDash, Workday, Hormel and more By Investing.com - Nov 30, 2022

By Liz Moyer Investing.com -- Stocks were struggling for direction on Wednesday as investors waited to hear what Federal Reserve Chair Jerome Powell will say in a speech he is...

Alphabet may be volatile in the near term - Mizuho
Alphabet may be volatile in the near term - Mizuho By Investing.com - Nov 30, 2022

By Sam Boughedda Mizuho analysts cut their price target on Google parent company Alphabet (NASDAQ:GOOGL) to $135 from $140, telling investors in a note Wednesday that the company's...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email