warrior Trail Moderator
Posts : 2495 Thanks : 12966 THANKS : 74 Join date : 2013-09-09
| Subject: Apple's Share Buy Back Pushing AAPL Higher Sat Apr 26, 2014 6:25 pm | |
| This week, when Apple reported strong quarterly earnings and iPhone sales that blew analyst projections out of the water, the company also revealed a healthy investment in itself. All told, Apple spent approximately $18 billion to purchase nearly 32 million shares of AAPL during the March quarter. This move is just one of a multitude of factors pushing shares of AAPL higher over the last 48 hours. On Wednesday, Apple announced a seven-for-one stock split and also confirmed a new threshold for share buybacks, which are now capped at $90 billion. @ |
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