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What is a stock buyback?

Stock Buyback is when a company purchases (or buys back) its own shares from the current shareholders. This reduces the total shares available, thus boosting financial ratios and making stock more attractive. It is also a way to reward shareholders, other than corporate actions like dividends. A company buying back its shares also signals the management’s confidence in the company. 

Once the buyback is announced, you will see it listed as an event under your holdings.