Sentences with phrase «buying millions of shares»

If an investor is buying millions of shares for reasons that don't have anything to do with the intrinsic value of the company, then there is the potential for a mispricing to occur.

The company's chief executive bought millions of shares during the midst of the turmoil in December, 2008 and February, 2009 — «a time when the stock market was at its nadir and people thought the world was going to end,» said chief financial officer Laurence Sellyn.

You can buy as many shares as you want - what will happen, once you bought some millions of shares, prices will go up further and further (because of the huge demand you produce), until you can not afford any more.

Not exact matches

Aetna's net income was $ 1.21 billion, or $ 3.67 per share, in the first quarter ended March 31, compared with a loss of $ 381 million, or $ 1.11 per share, a year earlier that was related to costs for its failed deal to buy Humana.

Over the past few months, Paulson has bought 3.7 million nonvoting shares of Viacom, which he said on Tuesday has begun to show positive results under a plan overseen by Chief Executive Bob Bakish after years of declining advertising and viewership.

They also bought $ 25 - million (U.S.) worth of call options on the Market Vectors Junior Gold Miners ETF (GDXJ), leveraging their position beyond the two million shares they already held in the ETF.

Its advertiser - supported BarkPost is filled with dog news and videos and gets 10 million unique visitors a month; BarkShop is an e-commerce site where customers can buy all manner of dog paraphernalia without the committing to a subscription; and BarkLive sponsors dog - centric live events such as Open Bark Night, where waggish stand - up comedians share drinks and dog stories («Three corgis walk into a bar...»).

If people pay attention to something and get all excited about it and expect millions of downloads, of course people who didn't buy my shares now wanted my shares.

«In addition, the group bought back a further $ 300 million of shares to return to shareholders part of the benefit realized from higher oil prices,» Pouyanne said.

The deal amounts to it buying nearly eight million shares of ORPEA at a price of 40.34 euros per share, or a total of 320.8 million euros, said the CPPIB.

• Ultra Electronics will buy Sparton Corp (NYSE: SPA) for $ 23.50 per share, giving the company an enterprise value of about $ 234.8 million, according to Reuters.

Third Point: The hedge fund run by Daniel Loeb disclosed Thursday that it bought more than 45 million shares of Ally Financial (ALLY) during the second quarter, giving Third Point a 9.5 % stake in the auto lender.

• Aileron Therapeutics, a cancer treatment biotech based out of Cambridge, Mass., said it plans to offer 3.75 million shares between $ 15 to $ 17, raising about $ 60 million at the offering's midpoint — about $ 25 million of which will be bought by insiders.

Over the next three years, B of A only bought back 500 million shares, or around 5 % of the float.

Leon Cooperman: Icahn wasn't the only investor to pick up some shiny new Apple last quarter, as Omega Advisors CEO Leon Cooperman bought up almost 1.3 million shares of the company.

Carl Icahn: The activist investor disclosed on Thursday that he bought roughly 2.7 million shares of Gannett (GCI), the nation's largest newspaper publisher, during the second quarter.

Additionally the company said it's given underwriters a chance to buy an additional 1.2 million shares of stock.

Oil and gas company Zeta Petroleum has launched a proposal to acquire full ownership of Sydney - based Pan Pacific Petroleum by buying all the shares it doesn't already own in the company, in a deal worth $ 29.4 million.

The founder and chairman of Fortescue Metals Group has reaffirmed his commitment to the iron ore industry by increasing his stake in the business, buying $ 6.9 million worth of shares in an on - market trade.

In its 2017 annual report, the company said it bought back 47 million shares in the third quarter, averaging 16 million shares in each of the three months in that quarter.

And yet, buried in a footnote in Siebel's latest 10 - K filing is the fact that the company has granted options to employees to buy 9.8 million shares at an average purchase price of $ 6.46.

British firm Imagination Technologies said on Friday CBFI Investment will buy the company for a price of 182 pence per share, valuing it at about 550 million pounds ($ 742.5 million).

He notes that in 1995, the first year after Berkshire finished buying its 200 million shares of Coke stock, the company paid Berkshire $ 88 million of dividends.

Billionaire investor Carl Icahn revealed Monday — in both a U.S. regulatory filing and on Twitter — that he has bought more than 61.5 million shares of Talisman for a 5.97 per cent stake.

One other Berkshire purchase in 2010 — Munich Re — deserves mention for one unusual reason: Buffett personally bought 100,000 shares of that stock while Berkshire was loading up with more than 19 million shares and making itself a 10 % owner of Munich.

Man Group also announced its intention to buy back up to $ 100 million of shares and said it continues to review potential acquisition opportunities.

In 2000, AEA Investors bought 80 percent of the company, paying Quimby $ 141.6 million, making Shavitz's share, had he still owned it, worth about $ 59 million, according to the Times.

Herbalife also announced a self - tender offer to buy as much as $ 600 million of its own shares that comes with a contingent cash payment if Herbalife is acquired in a private transaction within two years.

Cenovus reported fourth - quarter net income of $ 620 million or 50 cents per share on Thursday, well ahead of $ 91 million, or 11 cents per share, in the year - earlier period, thanks to better refinery profits, stronger oil prices and production that almost doubled after it bought out its oilsands partner, Houston - based ConocoPhillips, last year.

The Scour team reformed as Red Swoosh, a peer - to - peer file - sharing service Akamai Technologies later bought for $ 19 million before founding Uber, ride - for - hire sharing service, with Garrett Camp, co-founder of StumbleUpon, and himself a graduate school dropout.

Silvercorp also announced it was forming a special committee of independent directors to investigate the allegations, and bought back more than four million shares.

Many millions of shares in Chinese companies have since been bought and sold by foreigners, but none of those stocks changed hands in mainland China.

Berkshire, which has traditionally avoided technology stocks, started to amass a holding in Apple in the first quarter of 2016, when it bought just over 9.8 million shares.

Although Facebook's website remains one of the Internet's top destinations, there have been early signs that the social network is losing some of its pizazz, particularly among younger Web surfers who are starting to spend more time on other fraternizing hubs such as Tumblr, Pinterest and Instagram, a photo - sharing site that Facebook bought for $ 521 million last summer.

Warren Buffett's Berkshire Hathaway said it would exercise its warrants to buy 700 million common shares of Bank of America, making it the largest shareholder of the lender.

Warren Buffett's Berkshire Hathaway now owns about 17.7 percent of DaVita HealthCare after buying another 1.1 million shares.

Tesla announced plans to offer another 2.7 million shares and said CEO Elon Musk will buy another $ 100 million worth of Tesla stock.

Yahoo says it is buying back 40 million shares of stock owned by Daniel Loeb's Third Point for $ 29.11 a share.

He can see a scenario where CI buys back its own shares, but to do that it will have to use up its short - term investment balance of $ 95 million and its undrawn credit facility of $ 250.

The billionaire investor and entrepreneur told CNBC that he bought 1 million shares of retailer J.C. Penney a «couple days ago.»

Yahoo said Monday it will buy 40 million of its shares owned by activist hedge fund trader Daniel Loeb's Third Point for $ 29.11 a share, Friday's closing price, and that he and two other Yahoo directors nominated by Third Point have resigned.

As part of a three - year, $ 1.2 billion campaign, Foot Locker bought back $ 300 million worth of shares in the third quarter of 2017.

Over the past six months, 17 insiders have collectively invested more than $ 1.1 - million to buy 55,000 shares, although 33,000 of those shares were the result of a senior officer exercising options at $ 19.37 a share.

DeFrancesco was part of an investment syndicate led by Yogen Früz co-founder Michael Serruya that bought $ 15 - million worth of shares two years ago, providing the company with desperately needed cash, and later exercised another $ 15 million in warrants.

Overall, there appears to be more insiders selling shares than buying them for companies with a market capitalization of at least $ 250 million.

More than 217 million shares traded on Thursday, as some investors bought and others cashed in, exceeding the number of shares Snap sold in the I.P.O.

Times Co. said it received $ 101.1 million from Slim's exercise of his warrants and plans to use the money to buy back Class A shares.

The following may be true of a potential takeover: • the company has fewer than 50 million shares outstanding; • management is dominated by persons near retirement age; • management's record on innovations and improving returns has been poor; • the company owns assets whose market values are potentially higher than those shown on the balance sheet; • outside investors have been steadily buying the stock.

Their prices are so low, in fact, that one firm, Suncor recently said it would buy back up to $ 500 million worth of its shares or about 1.1 % of outstanding issuance by next September.

(Reuters)- Toromont Industries Ltd (TIH.TO) said on Monday it would buy privately held Hewitt Group for about C$ 1.02 billion ($ 818 million) in cash and shares to expand its network of heavy equipment dealers in eastern Canada.