
Stock buybacks are generally bullish for shareholders. In addition to signaling that a company's management may view its stock as undervalued, share repurchase programs also reduce the number of shares outstanding and, by extension, can increase earnings per share.
Recently, Salesforce (NYSE: CRM), DocuSign (NASDAQ: DOCU), and Qualcomm (NASDAQ: QCOM)—three big names in the tech sector that have all experienced dramatic drawdowns this year—announced massive buyback programs that should be catching investors' attention.