Microsoft Plans New Share Repurchase Program Authorizing Up To $60B
Portfolio Pulse from Benzinga Newsdesk
Microsoft has announced a new share repurchase program authorizing up to $60 billion. The program has no expiration date and can be terminated at any time.
September 16, 2024 | 9:58 pm
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Microsoft has initiated a new share repurchase program authorizing up to $60 billion. This move is likely to positively impact the stock price as buybacks can increase earnings per share and signal confidence in the company's financial health.
Share repurchase programs often lead to a positive impact on stock prices as they reduce the number of shares outstanding, potentially increasing earnings per share. Additionally, such programs can signal to investors that the company is confident in its financial stability and future prospects.
CONFIDENCE 95
IMPORTANCE 90
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