Apple Leads Q2 Stock Buybacks, Followed By IBM, Exxon

By | September 23, 2014

Scalper1 News

Apple (AAPL) led the S&P 500 index with $5 billion in stock repurchases in the second quarter. But total Q2 stock buybacks, which amounted to $116.2 billion, were down substantially from Q1. The information technology sector led overall spending in buybacks, accounting for 26% of the $116.2 billion. Q2’s $116.2 billion was down 1.6% from Q2 2013 and down 27% from Q1 2014, which was the second largest on record, according to data from S&P Dow Jones Scalper1 News

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