Qualcomm stock rises on $10 billion buyback plan
Published
Oct 12 2021 at 9:02 PM GMT
Key
Points
Points
- QCOM shares rose in the extended session Tuesday after the chip maker said its board had authorized $10 billion in share repurchases.
- Qualcomm shares rose 1 6% after hours, following a1 6% decline to close the regular session at $122.
- The company said the new $10 billion plan adds to its buyback program announced in July 2018, which has $900 million of buyback authorization remaining.
- Qualcomm shares have declined 3% over the past 12 months, compared with a 23% rise in the S&P 500 index SPX, a 22% gain on the tech-heavy Nasdaq Composite Index COMP, and a 31% gain on the PHLX Semiconductor Index SOX.
- Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move.
Trending
Stats
- Published Oct 12, 2021 9:02 PM GMT