Qualcomm stock rises on $10 billion buyback plan

Qualcomm Inc. QCOM shares roseate successful the extended league Tuesday aft the spot shaper said its committee had authorized $10 cardinal successful stock repurchases. Qualcomm shares roseate 1.6% aft hours, pursuing a 1.6% diminution to adjacent the regular league astatine $122.95. The institution said the caller $10 cardinal program adds to its buyback programme announced successful July 2018, which has $900 cardinal of buyback authorization remaining. Qualcomm shares person declined 3% implicit the past 12 months, compared with a 23% emergence successful the S&P 500 scale SPX, a 22% summation connected the tech-heavy Nasdaq Composite Index COMP, and a 31% summation connected the PHLX Semiconductor Index SOX.

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