Stock Buybacks Surge As Markets FallRupert Hargreaves
Stock Buybacks are surging even as markets fall; maybe some managements do actually know what they're doing.
According to a note from Goldman Sachs' Corporate Trading Desk, the bank's corporate buyback trading desk is seeing an uptick in buyback activity as more companies enter their open window and engage in discretionary repurchases, following a slow start to the year. What's really interesting about this revelation is the fact that the buyback desk had its most active day of 2016 on . . .
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