Qualcomm (QCOM) Stock Gains on New $10 Billion Stock Buyback Plan
- S&P 500 climbs to record closing high; IBM weighs on the Dow
- Intel (INTC) Stock Sinks 7% as Q3 Revenue Misses, Guidance Disappoints and CFO Exits
- Snap (SNAP) Stock Just Crashed 25% Following Earnings
- Trump Media To Go Public Via $1.7 Billion SPAC Deal, Aims to Fight the Big Tech
- Tesla (TSLA) Beats EPS and Revenue Views on Improving Gross Margins, Analysts Praise Very Solid Quarter But Warn of 'Aggressive Valuation' as Stock 'Priced to Perfection'
News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.
Qualcomm Incorporated (Nasdaq: QCOM) announced after the close that its Board of Directors has approved a new $10.0 billion stock repurchase authorization, in addition to its July 18 stock repurchase program with a remaining $0.9 billion of repurchase authority.
The new stock repurchase program, which is effective immediately and has no expiration date, will be made using the company's cash resources.
Shares of QCOM gained 1.6% after-hours following the news.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Qualcomm (QCOM) PT Lowered to $165 at Mizuho Securities
- Trump SPAC Digital World Acquisition Corp (DWAC) adds to early gains, now up 77%
- Trump SPAC (DWAC) Resumes Trading; Last up 270%
Create E-mail Alert Related CategoriesStock Buybacks, Trader Talk
Related EntitiesStock Buyback
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!