Qualcomm Shares Gain Premarket On $10B Share Buyback Program

October 13, 2021 6:34 AM | 26 seconds read | Make a Comment

Qualcomm Inc's QCOM board approved a new $10 billion share buyback program.
The new stock repurchase authorization adds to the July 2018 share buyback program, with $0.9 billion of repurchase authority remaining.
Qualcomm generated $3.4 billion in operating cash flow and held $12.9 billion in cash and equivalents as of June 27.
Price Action: QCOM shares traded higher by 2.22% at $125.68 in the premarket session on the last check Wednesday.

Posted In: News Buybacks Movers Tech Trading Ideas Briefs why it's moving

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.