“They bought back $2.5 billion of stock in the third quarter. Another billion dollars so far in October. And they just announced the new $20 billion buyback authorization.”

Motley Fool Hidden Gems Investing · GE & GM Earnings and Deals, Deals, Deals

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What was described

authorized a $20 billion share buyback, repurchased $2.5 billion of stock in Q3 and an additional $1 billion in October

$20 billion buyback authorization; $2.5 billion Q3 repurchase; $1 billion October repurchase

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“What that means is immediately some $10 billion in trade additional.”
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“Apple and Apple's stock went up $17 billion in two hours.”
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