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The SEC accused him of purchasing 100,000 shares of company stock, the day before the company announced a 3-million-share buyback. According to the SEC's complaint, this trade led First Cash to overpay for its shares by approximately $36,000 and earned Powell $124,000 in profit due to a rise in stock price.
The company last adjusted its buyback plan three years ago, with a similar $60 billion repurchase plan. With the stock trading at around $300 at the time, it would drift lower and end 2022 at ...
The company also announced a $110 billion share buyback – the largest in the company’s history – as iPhones sales declined 10%. ... The company also announced Mac sales increased 4% to $7.5 ...
Sturm, Ruger's SR1911. Image source: Sturm, Ruger & Company. Yesterday evening, Sturm, Ruger & Company announced it has expanded its stock repurchase program, more than tripling the amount ...
A company may also buy back shares held by or for employees or salaried directors of the company or a related company. This type of buyback, referred to as an "employee share scheme buyback", requires an ordinary resolution. A listed company may also buy back its shares in on-market trading on the stock exchange, following the passing of an ...
In 1963, company's headquarters were relocated to Hebron, Illinois. In 1993, the company became the first striking tool manufacturer to receive ISO 9002 certification. [4] The company announced plans to close in 2024 due to financial difficulties, but was acquired in May of that year by Marshalltown Hammer, a division of the Marshalltown ...
The company was based at the Lordstown Assembly plant, previously a General Motors factory. [2] Lordstown Motors was known for its Lordstown Endurance electric pickup truck. In March 2024, the company emerged from its September 2023 bankruptcy restructuring as Nu Ride Inc., headquartered in New York City.
The company has over $160 billion of cash and marketable securities on its balance sheet. So the latest buyback plan looks like an excuse to deploy some capital to distract investors from a ...