5 Companies Buying Back Their Stock Aggressively in This Bear Market
Companies buy back stock for a variety of reasons. There are lots of companies with long-established stock-buyback programs that use their share repurchases to return capital to investors or prevent stock-based compensation from diluting investors.
On the other hand, some companies have just started buying back stock in 2022 in response to the recent market declines. Others have accelerated the pace of their repurchases to take advantage of the declines. The five stocks below look very interesting right now.
Investors are generally pessimistic about consumer spending, and this has caused Simon Property Group (NYSE: SPG) to plunge by about 32% from its 52-week high, despite excellent results from the business. This includes a 170 basis-point increase in occupancy at its properties over the past year. Simon approved a $2 billion stock-buyback plan (about 5% of the current market cap) and has repurchased nearly 2 million shares in the past two quarters alone.
Source Fool.com
