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Why the Recent Rise in Stock Buybacks Is a Good Sign for Investors

By: Jordan Chussler
Jordan Chussler, expert in Personal finance, investing, retirement savings, and Editor, Investing at Money
Jordan Chussler
Editor, Investing | Joined June 2023
Jordan is an investment editor who specializes in traditional equities, gold and other precious metals, retirement savings and income investing. He combines his personal and professional interests in finance and education to help readers increase their financial literacy and make better investment choices.
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Editor: Brad Tuttle
Brad Tuttle, expert in Personal finance, shopping, consumer trends, and Senior Editor at Money
Brad Tuttle
Senior Editor | Joined January 2014
Brad Tuttle is a senior editor at Money with over 10 years’ experience covering a vast number of personal finance topics, including careers, cars, travel, budgeting, investing, insurance, credit cards, consumer psychology, real estate, banking, and shopping and deals.
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Published: May 09, 2024 3 min read

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Hand holding phone, while company buys back its stocks.
Money; Getty Images

Stock buybacks reached a six-year high as companies flush with cash are signaling confidence in the economy — and in their own financial outlooks.

More than $383 billion in authorized share repurchases have been announced over the past 13 weeks, marking a 30% year-over-year increase and the most since July 2018.

So far in 2024, enormous buyback plans have been announced by companies across sectors, from tech giants like Apple (a record $110 billion) and Alphabet ($70 billion) to oil majors like Shell ($3.5 billion) and BP ($1.75 billion).