JetBlue sets $125 million accelerated stock buyback agreement

📆 9/9/2019 2:47 PM
📰 MarketWatch

⏱ Reading Time:
1 sec. here
2 min. at publisher
📊 Quality Score:
News: 4%
Publisher: 97%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

Shares of JetBlue Airways Corp. were indicated up over 1% in premarket trading Monday, after the air carrier disclosed of a $125 million accelerated share repurchase (ASR) agreement with Barclays Bank. The repurchases if part of a $750 million stock buyback program announced in December 2017, which had $125 million remaining as of Sept. 6. Based on Friday's stock closing price of $16.67, the ASR would represent about 7.5 million shares, or about 2.5% of the 296.3 million shares outstanding as of June 30. JetBlue's stock has lost 8.9% over the past three months, while the NYSE Arca Airline Index has declined 5.8% and the S&P 500 has gained 3.7%.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asia stocks set to trade mixed as China's exports to the US fallChinese customers data showed the country's exports unexpectedly fell in August, pointing to further weakness in the world's second-largest economy. lets tax ourselves more!
Source: CNBC - 🏆 12. / 72 Read more »

Asia stocks make cautious gains as weak data boosts stimulus hopesAsian stocks eked out modest gains on Monday, amid a cautious market mood as inv... 👍🏻 Everyone still wants a bailout... MAGA How is this normal?
Source: Reuters - 🏆 2. / 97 Read more »

European shares hold monthly highs on German data, stimulus hopesEuropean stock markets hovered at one-month highs on Monday after data showed a ... I'm sure we can get a little bit more air in here.
Source: Reuters - 🏆 2. / 97 Read more »