While some big tech companies are cooling their buyback activity, others are just getting started.
The second quarter saw a prodigious drop in stock repurchases, according to data from S&P Dow Jones Indices. S&P 500 companies spent about $166 billion on buybacks in the period—down 20% from the first quarter and a 13% decline from the same period a year earlier. A drop in spending by tech giants Apple, Oracle and Cisco played a major role. The three spent a combined $29.4 billion in their most recent fiscal quarters,...
Source: News Formal (newsformal.com)
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