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By The Numbers


Current DateTime: 07:30:08 10 Feb 2012
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ABOUT BY THE NUMBERS

Our market specialists dig deep into Wall Street’s daily metrics, crunching the numbers to help you become smarter about the market so that you can make better investment decisions. By The Numbers details the daily drama, the winners and losers, how the day stacks up historically, and how the numbers can offer a glimpse of the future.
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Current DateTime: 07:30:09 10 Feb 2012
LinksList Documentid: 30111251

15 Largest Share Buybacks in Last Three Months

Published: Monday, 30 Aug 2010 | 2:26 PM ET
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By: Giovanny Moreano
Quantitative Analyst

Hewlett-Packard [HPQ  Loading...      ()   ] shares gained more than two percent in today's session, after its board approved an additional $10 billion stock buyback.

In the past three months, 41 companies in the S&P 500 have made such announcements.  Wal-Mart [WMT  Loading...      ()   ] is at the top of the list, with a transaction value of $15 billion. 

When cash-rich companies decide to repurchase their own shares, investors tend to see the move as a sign of confidence. The underlying message is that a firm's stock may be "undervalued," prompting management to invest in their own stock.

Repurchase programs could also be seen as an effort to change the supply of a company's stock, therefore affecting other valuation metrics. Note that while corporations may approve a certain figure over a specific period  of time, the company is not required to buy back the entire amount. 

Here is a look at the 15 largest buyback announcements in the last three months:


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