Three mega-cap names recently announced billions in share repurchase authorizations. Mega-cap generally refers to stock with market capitalizations of $200 billion or more. Below, I’ll detail exactly how large the buyback authorizations these huge firms have approved are. I’ll also include data on how big these buybacks are in relation to the value of the company. A larger percentage increases the ability of the buybacks to have a positive effect on the company’s share price. All figures use data as of the Feb. 14 close.
