American Airlines stock is riding high on Thursday, mirroring the positive sentiment surrounding Southwest Airlines. Southwest’s improved third-quarter guidance and announcement of a $2.5 billion share repurchase program have boosted investor confidence and sent ripples through the airline sector.
American Outdoor Brands, Inc. has announced a new share repurchase program, authorizing the buyback of up to $10 million of its outstanding common stock. This move signifies the company’s confidence in its business and commitment to shareholder value. The program is set to run from October 1, 2024, to September 30, 2025, following a successful previous program.
Pet supply retailer Chewy Inc. (CHWY) is seeing its shares trade lower after announcing a share offering by its largest shareholder and a concurrent share repurchase. The move involves a significant number of shares and a substantial repurchase amount, leading to potential changes in the company’s share structure and investor interest.
Chewy Inc. (CHWY) saw its shares decline in after-hours trading following the announcement of a $500 million stock offering by a selling stockholder and a concurrent share repurchase. The selling stockholder, an entity affiliated with Chewy’s largest shareholder, will offer the shares, while Chewy itself will repurchase $300 million worth of its stock from the same seller.
AerCap Holdings N.V., the world’s leading aviation leasing company, has announced a new $500 million share repurchase program, demonstrating its strong confidence in its business and commitment to shareholder value.
Shares of Ambac Financial Group (AMBC) have rebounded in recent trading sessions following an analyst upgrade and the anticipation of a significant share repurchase program. Roth Capital Partners upgraded AMBC to a Buy rating, citing the impending sale of the company’s legacy financial guarantee business and the subsequent deployment of cash for share repurchases.
Fifth Third Bancorp (FITB) has announced a 6% increase in its quarterly dividend, signaling strong financial performance and commitment to shareholder returns. The company also continues to repurchase shares, demonstrating its commitment to efficient capital allocation. While FITB’s valuation is currently slightly elevated, its robust growth prospects, including an expanding commercial payments platform, make it a stock worth watching for potential investors.
InMode Ltd., a global leader in medical technology, announced the approval of a share repurchase program of up to 7.68 million ordinary shares. The decision reflects InMode’s strong financial position and confidence in its future, despite challenging macroeconomic conditions.
BILL Holdings, Inc. exceeded analysts’ expectations for both earnings and revenue in the fourth quarter and fiscal year 2024. The company reported a quarterly loss of 3 cents per share, beating the estimated loss of 20 cents. Revenue came in at $343.665 million, surpassing the estimate by 5.47% and reflecting year-over-year growth of 16.11%. BILL also announced a $300 million share repurchase program and provided positive guidance for fiscal year 2025.
H&R Block’s stock is surging today after the company exceeded fourth-quarter earnings expectations, announced a new share repurchase program, and increased its quarterly dividend. The company’s strong performance and optimistic outlook have investors excited.
