The data is in, and it says stock buybacks are back in a big way as companies seek out ways to keep their stock prices at elevated levels.
First quarter stock repurchases clocked in at $178.1 billion among S&P 500 companies, up 36.5% from the fourth quarter of 2020, according to new data out Tuesday from S&P Global. Buybacks were up 100.9% from the second quarter 2020 pandemic low of $88.7 billion.
Stock buybacks have the effect of lowering the number of shares outstanding for companies….
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