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MarketBeat
MarketBeat
Business
Leo Miller

FORGOTTEN HISTORY: These 3 beaten down stocks just announced massive share buybacks - Caught on Camera

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. 

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