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Today's most important buybacks

Published 11/14/2022, 06:06 PM
Updated 11/14/2022, 06:38 PM
© Reuters.  Today's most important buybacks
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By Davit Kirakosyan

Azenta Inc (NASDAQ:AZTA) announced today that its Board of Directors has authorized a new $1.5 billion share repurchase program. The company intends to repurchase at least $1B of common stock over the coming year, beginning with a $500 million accelerated share repurchase. Shares surged more than 35% after-hours today following the company’s reported Q4 beat.

Tesla (NASDAQ:TSLA) CEO Elon Musk responded to investors on Twitter suggesting the company should do a buyback, reiterating the decision "is up to the Tesla board." During the company's Q3 conference call in October, Musk said Tesla could do a $5B-$10B buyback but said it would be pending Board review and approval.

Bank OZK (NASDAQ:OZK) today announced that its Board of Directors approved a new stock repurchase program of up to $300M of its outstanding common stock.

HireRight Holdings Corporation (NYSE:HRT) today announced its Board of Directors has authorized a two-year $100M share repurchase program.

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