Link copied
Samsung Electronics plans $7.2 bln buyback to boost shareholder value
stock :: 2024-11-15 :: source - reuters
By Reuters
SEOUL, Nov 15 (Reuters) - Samsung Electronics (005930.KS) plans to buy back shares worth 10 trillion won ($7.17 billion) over a one-year period to boost shareholder value, it said in a regulatory filing submitted after the market closed on Friday.
Shares of Samsung Electronics rose 7.2% on Friday, posting the biggest daily jump since March 2020 and rebounding from their lowest level since mid-June 2020. They were still down 32% year to-date.
($1 = 1,395.3100 won)
(This story has been corrected to say that Friday's performance was the highest since March 2020, not March 2024, in paragraph 2)
[Source :: Reuters]
This week top market trends.
-
Microsoft Faces Broad Antitrust Investigation From US FTC
2024-11-28 :: general :: bloomberg -
Is Rigetti Computing a Millionaire-Maker Stock?
2024-12-09 :: stock :: motley fool -
The Smartest Dividend Stocks to Buy With $1,000 Right Now
2024-11-27 :: investing ideas :: motley fool -
Broadcom forecasts Q1 revenue above estimates on strong AI chip demand
2024-12-13 :: stock :: reuters -
US Nov payrolls show job growth accelerated after October hiccup
2024-12-06 :: general :: reuters
Recent global market news
-
Sam Altman-backed Oklo signs power agreement with data center operator: share surges
2024-12-18 :: :: reuters -
Micron shares tumble as quarterly forecast signals sluggish consumer demand
2024-12-19 :: :: reuters
