Lockheed
Martin Corporation (NYSE:LMT) added 0.33% to $72.02. The
company said Monday its board of directors approved a new share repurchase
program of up to $3 billion.
The company had purchased back some 169 million shares
over eight years during the previous program, the company said. The prior
program will be terminated on Nov. 1.
Over the past 52-week, the stock traded within the range
of $67.39-$87.18. At current market price, the market capitalization of the
company stands at $25.94 billion.
PPG Industries, Inc. (NYSE:PPG) surged 1.57% to $77.63 after it made its fresh 52-week high of $77.96. Last week, the company announced that its Board of Directors yesterday authorized the repurchase of an additional 10 million shares of outstanding common stock.
The
new authorization is effective immediately, does not expire and gives
management discretion in determining the conditions under which shares may be
purchased from time to time.
The
stock went up more than 31% year-to-date.
St. Jude Medical, Inc. (NYSE:STJ) lost
0.72% and currently trading at $38.55. Last week, the company announced that
their Board has authorized a stock buyback of up to $300 million common. The
plan is in addition to the $600 million share repurchase authorization
previously announced.
The
52-week range of the stock is $33.92-$42.87.
The
company develops, manufactures and distributes cardiovascular medical devices
for the global cardiac rhythm management, cardiology and cardiac surgery and
atrial fibrillation therapy areas and neurostimulation medical devices for the
management of chronic pain.
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