Three key names are jumping on the repurchase train after a relatively quiet two weeks for buyback announcements. Buybacks provide multiple bullish signs to investors. Buybacks require significant outlays of cash. Thus, companies must feel relatively confident in their ability to generate cash in the future to undertake them.
They may also signal that a company sees its share price as undervalued. By repurchasing its own stock, a company is essentially investing in itself. It makes sense for them to do this when they have a reason to believe their share price will appreciate.
