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A brand-new buyback of more than 10% of shares outstanding was announced.
General Motors (GM -2.25%) just announced a $6 billion buyback that will reduce shares outstanding by over 10% at today's stock price. The pace of buybacks is incredible, which Travis Hoium covers in this video.
*Stock prices used were end-of-day prices of June 11, 2024. The video was published on June 12, 2024.
Travis Hoium has positions in General Motors. The Motley Fool has positions in and recommends Tesla. The Motley Fool recommends General Motors. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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