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When your stock is low, buy back shares.
General Motors (GM -1.50%) has been on a stock buyback tear as the company takes advantage of a low valuation to reduce its share count. In this video, Travis Hoium shows just how quickly the company is buying back shares and why the buybacks will continue.
*Stock prices used were end-of-day prices of July 24, 2024. The video was published on July 25, 2024.
Travis Hoium has positions in General Motors. The Motley Fool recommends General Motors and recommends the following options: long January 2025 $25 calls on 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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