Buybacks Reach $201 Billion, a Record for May, Data Show
- Apple was the largest buyback announcement for the month
- S&P 500 completed buybacks hit $202 billion in first quarter
An Apple Store in Washington, DC.
Photographer: Haiyun Jiang/BloombergThis article is for subscribers only.
Buoyed by a record announcement from Apple Inc., Corporate America disclosed plans to repurchase $201 billion of its own stock in May, the most ever for the month, according to data compiled by Birinyi Associates.
The total represents an increase of more than 41% from the same time a year ago and amounts to the fifth most on record for any month, the data show.