Rackspace Hosting Stock Buybacks
Rackspace Hosting Stock Buybacks Chart
Rackspace Hosting Historical Stock Buybacks DataPro Data Export
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About Stock Buybacks
Stock buybacks are when companies buy back their own stock, removing it from the marketplace. Stock buybacks increase the value of the remaining shares because there is now less common stock outstanding and company earnings are split among fewer shares.
Buybacks are sometimes an indication that a company perceives their stock to be undervalued, but it is up to the investor to determine if the company is correct. Companies that are favorable to shareholders may often issue dividends and perform stock buybacks. For an example of a company that has performed a lot of stock buybacks, see Washington Post (WPO)
View Stock Buybacks for RAX.
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RAX Stock Buybacks Benchmarks
|Microsoft Corporation||Go Pro|
|Computer Sciences Corporation||Go Pro|
|International Business Machines||Go Pro|
RAX Stock Buybacks Range, Past 5 Years
|Minimum||Go Pro||Jun 2008|
|Maximum||Go Pro||Dec 2008|
Seeking Alpha May 21
Fool May 21
Forbes May 20