Reply To: Traders Market Weekly: Bear Jitters as Risk Factors Deepen

#37049
Truman
Participant

Buyback action

An increasing number of companies have authorized share buyback programs this week, hoping to take advantage of discounted share prices.

Since yesterday’s close, DoorDash (DASH 69.01, +2.06, +3.1%), LCI Industries (LCII 105.69, unch), Middleby (MIDD 140.00, unch), and Lear Corporation (LEA 133.42, unch) either authorized new repurchase programs or extended their current programs.

Shares of DoorDash are currently up 3% while the other three stocks are unchanged in pre-market action.