Shares of Qualcomm Incorporated (QCOM) gained 1.3% in Tuesday’s extended trade after the company approved a stock repurchase program of $10 billion. The plan comes with no expiration date and is in addition to a previous program, which was announced in July 2018 and has $0.9 billion of outstanding repurchase authority. Qualcomm develops and sells wireless telecommunications products and services that are used in mobile devices and other wireless products. (See Qualcomm stock charts on TipRanks) The repurchases under the new plan will be carried out as and when determined by the company in the open market or private transactions.
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QUALCOMM (NASDAQ:QCOM)
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