Re:Intel Brags of $152B in Stock Buybacks. Why Does It Need ...
by jsiepkes on Thursday March 28, 2024 @07:45AM
(#39849978)
Because you have inside knowledge and you are altering the stock price.
[ Parent
| on HN ]
Re:Intel Brags of $152B in Stock Buybacks. Why Does It Need ...
by koolba on Thursday March 28, 2024 @07:51AM
(#39850047)
The company is in charge of itself. Everything it does alters the price.
Bought back shares strictly increase the price for existing shareholders as it takes them off the market. The entire concept is mainly due to stupidity in tax law that ends up double taxing direct dividends.