buyback

AutoNation Inc (NYSE: AN) reported that the company's board has authorized the repurchase of another $250 million in company stock. In January, AutoNation reported a rise in its fourth-quarter earnings and revenue. AutoNation shares gained 0.34% to close at $35.33 on Friday.

Motorola Solutions Inc (NYSE: MSI) announced its plans to raise its stock buyback program by $1 billion to a total of $3 billion. Motorola is planning to buy back $1.9 billion in stock in 2012, up from $1.1 billion in 2011. MSI shares closed at $45.80 on Friday.

Heritage Financial Group Inc (NASDAQ: HBOS) reported that its board has approved a new buyback program for up to 5% of the bank holding company's outstanding shares. In October, Heritage swung to a third-quarter profit. Heritage Financial shares closed at $11.30 yesterday.

Banco Bradesco SA (NYSE: BBD) reported that its board has authorized a plan to buy back up to 15 million shares. The repurchase program includes 7.5 million common shares and 7.5 million preferred shares. BBD shares gained 0.24% to close at $16.55 yesterday.

HTC Corp announced its plans to buy back up to NT$6.50 billion (US$213.8 million) worth of shares from the open market. HTC will buy back 10 million shares at NT$445.00-NT$650.00 per share.

Commerzbank AG (OTC: CRZBY) announced its plans to buyback up to EUR600 million in trust preferred securities. CRZBY shares closed at $1.93 on Friday.

Pier 1 Imports Inc (NYSE: PIR) announced a new share repurchase program on Friday. The company's board has authorized a new $100 million share buyback program. PIR shares dropped 0.84% to $10.85 in after-hours trading.

WellPoint Inc (NYSE: WLP) raised its stock-buyback authorization by $5 billion. WLP shares fell 0.14% to close at $65.28 on Friday.

Lowe's Companies Inc (NYSE: LOW) reported that its board has authorized a $5 billion shares repurchase program. Lowe's also declared a quarterly cash dividend of $0.14 per share. Last week, Lowe's reported downbeat quarterly sales and lowered its fiscal-year forecast. Lowe's shares dropped 1.38...

In the past few weeks, we saw how high flyers like Coinstar (NASDAQ: CSTR), Cree (NASDAQ: CREE), and F5 Networks (NASDAQ: FFIV) getting 20-25% downside punishment after earnings reports when they reported disappointment in earnings or revenues, or guidance. Once these stocks dropped, they...