By Dan Weil
“U.S. companies are buying back huge amounts of their own stock, and the ones executing the biggest buybacks are seeing their share prices rewarded handsomely.
Companies in the Standard & Poor’s 500 Index purchased $128.2 billion of their own stock in the third quarter, according to S&P Dow Jones Indices, The Wall Street Journal reports. That represents the highest level since the fourth quarter of 2007.”…
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