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Benzinga
Benzinga
Business
Henry Khederian

Why Thomson Reuters (TRI) Shares Are Trading Higher

Thomson Reuters Tri Thomson Reuters Corp
Thomson Reuters Corp

Shares of Thomson Reuters Corp (NASDAQ:TRI) are trading higher Friday after the global content and technology company announced a significant $1 billion share repurchase program. The move appears to have bolstered investor confidence, helping the stock recover from a slide that followed its second-quarter earnings report earlier in the month.

What To Know: The company’s board approved a new normal course issuer bid, which allows for the repurchase of up to 10 million common shares, representing about 2.22% of its outstanding shares.

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