How many shares of stock can public co buy back , without saying...?

Question

How many shares of stock can public co buy back , without saying...?

Answer 1

They dont have to announce an open market repurchase.  But there are certain regulations on the amount they can buy daily and the price they can buy it at.  They also must maintain a certain number of shareholders.

Answer 2

They do not have to announce each and every transaction, but the management must be authorized by the board to do this.  The treasurer is not required to buy any back, if he doesn't think market conditions warrant it, but he can't buy more than authorized.

This board action is always announced, because otherwise, it could be considered an attempt to manipulate the price of the stock, plus, it would have to remain a secret as "insider information", but it couldn't be because the quarterly reports would show a change to the capital structure.

Answer 3

What would be the point of not saying?  The whole point is to brag about the number of shares the company is buying back.  The non-bragged about sub-text is, "We are wasting the investors' money buying back shares so that we can boost the eps and increase our boneses which are based on eps."