What is stock buyback?
Buyback is when a company purchases (or buys back) its own from the current shareholders. This reduces the total shares available, thus boosting financial ratios and making stock more attractive. It is also a way to reward shareholders, other than corporate actions like . A company buying back its shares also signals the management’s confidence in the company.Â
Once the buyback is announced, you will see it listed as an event under your .