Apple Volume Surging on Buyback Hopes (AAPL)
Apple Inc. (NASDAQ: AAPL) stock is trading sharply higher by over 5% today after Bernstein research issued a report that is basically calling for major stock buyback. You can see the full details of that report at 24/7 Wall St.
Shares are now up 6% at $106.00 on almost 30 million shares at 12:20 PM EST. [...]
Buyback Leaders Surging, Anadarko (APC) and Coach (COH)
Anadarko Petroleum (APC) is indicated higher after the company said that it was going to buy back up to $5 Billion common stock, or 18% of the company, out to August 2011. The company is also increasing its capital spending plan for 2009 and beyond.
Coach Inc. (COH) traded higher after announcing that it was going [...]
Tyco Spike (TYC)
Tyco International Ltd. (NYSE: TYC) is seeing a rather large amount of interest right before today’s open, although this may be a skewed interest. The culprit is another $1 Billion being added to its stock buyback plan.
The actual move may be somewhat misleading as it appears that a trader hit the buy button on his [...]
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