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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Thermo Fisher Scientific Inc | NYSE:TMO | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
15.10 | 2.61% | 593.03 | 594.025 | 578.81 | 580.17 | 1,328,834 | 01:00:00 |
By Colin Kellaher
Thermo Fisher Scientific's board has approved a new $4 billion stock buyback.
The Waltham, Mass., Life-sciences giant on Tuesday said the new program has no expiration date and replaces its prior buyback authorization, which had about $1 billion remaining.
Thermo Fisher spent $3 billion to buy back 5.2 million shares during the first nine months of 2023.
The company's stock is down more than 20% so far this year and reached three-year lows late last month.
Thermo Fisher, which had nearly 386.4 million shares outstanding as of Sept. 30, sports a market capitalization topping $173 billion based Monday's closing price of $445.15.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
November 14, 2023 08:33 ET (13:33 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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