Helena Izotova
The official representatives of Yahoo! have just reported that the buy-back of the company’s stock may well be increased up to $5bn.
Market Leader reports that the official statement also mentions convertible bonds that expire in 2018 9to the amount of $1bn).
Since the beginning of 2013, Yahoo! has already spent over $3.1bn on the purchases of its own shares. Investors seem to be reassured by the news since the price gained 1.6% yesterday. The current price is around $35,17 per share.
The buy-back was started in May 2012 and resulted in a 74% price increase since then. The chart below, courtesy of Masterforex-V Academy, reflects the current state of affairs in the market of YHOO:
Helena Izotova
