Share buybacks are one of the key ways that companies express confidence in their outlook. This is particularly true when shares take a large hit, as management teams look to retire shares at what they may believe is a depressed price.
Three giants in their respective industries just made notable buyback announcements, even as their stocks move in very different directions. The updates include a new repurchase authorization, an inaugural buyback program, and an accelerated share repurchase (ASR), each sending a different kind of signal to investors.
