Today's Most Important Buybacks By Investing.com

Tech, megacaps drag Wall St to lower close as big market week kicks off

Today's Most Important Buybacks

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FDX

-3.40%

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AZO

+2.50%

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By Davit Kirakosyan

FedEx Corp. (NYSE:FDX) shares rose more than 5% today following the company’s announced accelerated share repurchase agreement (ASR) with Morgan Stanley & Co. LLC as part of its previously announced share repurchase program. Under the terms of the agreement, the company has agreed to repurchase an aggregate of $1.5 billion of its common stock from Morgan Stanley, with an initial delivery of approximately 7.9 million shares based on current market prices.

AutoZone, Inc. (NYSE:AZO) made an announcement today, according to which its Board of Directors authorized an additional $2.5 billion repurchase of the company’s common stock in connection with its ongoing share repurchase program.

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