Ford to Buy Back 116 Million Shares

The stock market is mildly positive this morning. The initial claims report dropped to 319,000, which is still fairly low. Last week’s number was revised up to 344,000.

Ford Motor ($F) reported that its sales in China were up 29% last month, and their sales are up 41% in the last year. The automaker also said it will buy back 116 million shares worth $1.8 billion. Ford said this will offset dilution caused by stock-based compensation. Ford is up more than 2% this morning.

DirecTV ($DTV) is down about 1.7% this morning, and this comes after yesterday’s big rally.

Fiserv ($FISV) is up to a new 52-week high this morning. Moog ($MOG-A) has been as high as $69.24, and it’s not far from its all-time high from late last year. Three months ago, the shares were down to $57.

Posted by on May 8th, 2014 at 9:58 am


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