5 big stock buybacks: Wendy's, Victoria's Secret

let atwWrapper,atwContainerWidth,atwSliderBox,atwTotalWidth; function initATWSlider() { atwWrapper = $('.relatedInstruments'); atwSliderBox = atwWrapper.find('.slider'); atwContainerWidth = atwWrapper.width(); atwTotalWidth = atwSliderBox.width(); if(window.domainId === '2' || window.domainId === '3'){ atwWrapper.find('.sliderRight').addClass('js-slider-prev'); atwWrapper.find('.sliderLeft').addClass('js-slider-next'); } else { atwWrapper.find('.sliderRight').addClass('js-slider-next'); atwWrapper.find('.sliderLeft').addClass('js-slider-prev'); } if(atwSliderBox.find('.instrumentBox').length > 6){ atwWrapper.find('.js-slider-next').fadeIn(600); } } function atwMoveRight() { atwWrapper.find('.js-slider-prev').fadeIn(150); $(".slider > :visible:first").hide(150) $(".slider > :visible:last").next().show(150); if(!$(".slider > :visible:last").next().find('.name')()){ atwWrapper.find('.js-slider-next').fadeOut(150); return; } } function atwMoveLeft() { atwWrapper.find('.js-slider-next').fadeIn(150); $(".slider > :visible:last").hide(150); $(".slider > :visible:first").prev().show(150); if(!$(".slider > :visible:first").prev().find('.name')()){ atwWrapper.find('.js-slider-prev').fadeOut(150); return; } } initATWSlider(); //update star icon on adding/removing instrument to/from specific watchlist atwWrapper.on('click', 'label.addRow', function() { let parent = $(this).parent(); let checkedPortfolio = false; parent.find('input[type=checkbox]').each(function () { if($(this).is(':checked')){ checkedPortfolio = true; } }); let closestStar = $(this).closest('.addToPortWrapper').find('.star'); if(checkedPortfolio){ closestStar.addClass('added'); }else{ closestStar.removeClass('added'); } }); //update star icon on creating new watchlist atwWrapper.find('.js-create-watchlist-portfolio').find('a.js-create').on('click',function () { let parent = $(this).parent(); let watchlistName = parent.find('input[type=text]').val(); if(!watchlistName){ return; } let star = $(this).closest('.addToPortWrapper').find('.star'); star.addClass('added'); }); //update star icon on adding new position atwWrapper.find('.js-create-holdings-portfolio').find('.js-submit').on('click',function () { let addPositionForm = $(this).closest('.addToPortfolioPop').find('.holdingsContent'); let amount = addPositionForm.find('.js-amount').val(); if(amount < 1){ return; } let star = $(this).closest('.addToPortWrapper').find('.star'); star.addClass('added'); }); atwWrapper.find('.instrumentBox').find('.shortInfo').on('click',function () { if(!window.ga){ return; } let pairId = $(this).parent().find('.js-add-to-portfolio').attr('data-pair-id'); let pairType = window.atwPairTypes[pairId]; window.ga('allSitesTracker.send', 'event', 'content', 'symbol link clicked', '', { "dimension147":"symbol_link_clicked", "dimension163":"click", "dimension148":"symbol", "dimension162":"content add to watchlist", "dimension161":"article page", "dimension142":"article", "dimension75":pairType, "dimension138":pairId, "dimension118":"2981146" }); window.open($(this).attr('data-href')); }); window.atwPairTypes = {"8942":"Equities","9231":"Equities","21140":"Equities","32543":"Equities","1176184":"Equities"};

Here are 5 of last week's biggest share-buyback announcements, all first covered on AiVIFPro.

Wendy's (NASDAQ:WEN) jumped 6% Friday after the company announced a new $500 million share repurchase authorization, expiring in February 2027. The company also doubled its dividend to $0.25 per share and released strong preliminary sales numbers for the fourth quarter. For the week, shares were up 1.5%.

Victoria's Secret & Co (NYSE:VSCO) shares gained more than 12% on Wednesday after the company announced a new share-repurchase program of up to $250 million of the company’s common stock. The new share repurchase program is eligible to begin upon exhaustion of the current $250 million program, which is scheduled to be completed by the end of January.

Agilent Technologies Inc. (NYSE:A) shares rose more than 5% on Tuesday after the company announced a new share buyback program of up to $2 billion of the company’s common stock.

SYNNEX Corp. (NYSE:SNX) shares rose more than 11% after the company’s reported Q4 beat and announced a new $1 billion share repurchase program and a dividend hike on Tuesday. The share repurchase program is authorized for up to three years, replacing the previous three-year program. The company also increased its quarterly cash dividend by 17% to $0.35 per common share, payable on January 27, 2023 to stockholders of record as of the close of business on January 20, 2023.

Veradigm Inc (NASDAQ:MDRX), formerly Allscripts Healthcare Solutions, Inc., said it would repurchase up to $250 million of its common stock. This replaces the previous $250 million authorization, which was almost fully utilized in 2022. Shares climbed 9% for the week.

***

For tools, data, and content to help you make better investing decisions, try AiVIFPro.