By Sarina Isaacs
Investing.com — Here are the companies that have dramatically ramped up their share buyback plans this week, all first on InvestingPro+.
ASML Holding NV ADR (NASDAQ:) announced that it has approved a €12.0 billion ($12.43 billion) share buyback program. Shares are up more than 21% this week.
ADP (NASDAQ:) Approved a $5 Billion Repurchase of Its Shares. Shares rose 4.5% on the week.
Phillips 66 (NYSE:) approved a $5 billion increase in its share buyback authorization, bringing the total since 2012 to $20 billion. Shares rose 7.2% on the week.
Thermo Fisher Scientific (NYSE:) approved a $4 billion share repurchase program. Shares gained 8% on the week.
Marriott International Inc (NASDAQ:) announced that it has added 25 million shares to its share repurchase authorization for a total of approximately 30.8 million. In the year to date ended November 9, 2022, the company repurchased 11.6 million shares for $1.8 billion. Shares gained 9.5% on the week.
Steel Dynamics (NASDAQ:), Inc. increased its share repurchase authorization by $1.5 billion, up from $1.25 billion previously. Since 2017, the company has repurchased $3.7 billion of its common stock, or 33% of its outstanding shares. Shares ticked 0.8% higher.
AAON Inc (NASDAQ:) said it has authorized a $50 million buyback of its stock. Shares are up 19.1% this week.
GCM Grosvenor Inc (NASDAQ:) added $25 million to its share repurchase authorization, bringing the total to $90 million. Shares gained 10.3% on the week.
Goldman Sachs MLP & Energy (NYSE:) approved a $10 million share repurchase program. Shares lost 0.4% this week.