Tickerlog
Thursday 24th of February 2022 01:12:20 PM

AMD launches $8B in share repurchase authorization

Stock Buybacks theme with US shipping port Melpomenem/iStock via Getty Images
  • AMD (NASDAQ:AMD) trades 1.3% higher after hours on board approving a new $8B share repurchase program which is in addition to the $4B share repurchase program announced in May 2021.
  • Under the prior program, the company has repurchased ~$3B of shares.
  • YTD, the stock has lost 23.7%; current repurchase program forms 4.3% of its total current market cap.

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