Welcome to edition 40 of Buyback Wednesdays, a weekly series that tracks the top stock buyback announcements during the prior week.
Considering we had very few buyback announcements last week, we decided to take a big picture look at the performance of companies buying back their stock. We decided to look at the biggest buyback announcements of 2022 and the biggest cannibals of the year to see how they performed. Often the two are not the same and the companies announcing the largest buybacks are not the ones buying back the most in the same year. In fact not a single company made it into both lists and each list had its unique set of companies.