Ben Popken

@bpopken ↗

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Last Checked April 15, 2020

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Fri Mar 27 00:30:47 +0000 2020

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Ben Popken @bpopken

During 2018, S&P 500 companies gave their shareholders a record $1 trillion in the form of buybacks and dividends, led by Apple, Cisco Systems, and other technology giants. — PolitiTweet.org

Posted March 27, 2020

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Ben Popken @bpopken

Companies instead mainly used the extra cash to spend billions of dollars buying back their own stock, boosting the value of shares held by investors. — PolitiTweet.org

Posted March 27, 2020

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Ben Popken @bpopken

A study by the Office of SEC Commissioner Robert Jackson found that a stock buyback announcement often leads to a short-term stock price pop, which corporate insiders use to cash out their shares. — PolitiTweet.org

Posted March 27, 2020