Stock splits have been a hot topic for the market, but a split in share price doesn’t do anything to change your ownership stake in a company. Buybacks are a different animal, reducing the number of shares outstanding and increasing the percentage of each dollar earned that investors get per share. In this video, Travis Hoium covers four stocks buying back shares like crazy.
*Stock prices used were end-of-day prices of June 12, 2024. The video was published on June 14, 2024.
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Travis Hoium has positions in General Motors and MGM Resorts International. The Motley Fool recommends General Motors and recommends the following options: long January 2025 $25 calls on General Motors. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.