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"Investors" are buying now so they can dump it during or after the buyback. And this improves the economy how?
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Amazon.com Inc.'s stock AMZN, +1.43% climbed 1.5% in after-hours trade Wednesday, after the e-commerce giant announced a new $5 billion share repurchase program. The company disclosed in a regulatory filing that the new program, which does not have a fixed expiration, replaces the previous $2 billion program announced in 2010. The stock, which closed Wednesday's regular session up 1.7%, has tumbled 26% over the past three months, while the S&P 500 has lost 11%.
http://www.marketwatch.com/story/amazons-stock-climbs-after-new-share-buyback-announcement-2016-02-10
My take: Jeff Bezos is getting desperate after the price fell from 696 peak, to as low as 474 recently.
#buyback #justme #amzn #amazon #recurring