What does a company buying back stock mean
A buyback, also known as a repurchase, is the purchase by a company of its outstanding shares that reduces the number of its shares on the open market There are many reasons a company may wish to begin a stock buyback program. One may be that the Earnings season is upon us, and once again there are dire warnings that stocks will be weak because companies are entering a “blackout period” where they will not be able to buy back their stock. As with many old saws on Wall Street, there is a little bit of truth,