Tech stocks are undoutably one of the biggest movers & shakers in the market.
It seems that if these big companies go down, then the rest of the market tend to follow.
So after it becomes public that a company is involved in some wrong doing how do they stop a major shift in their stock price?
Buy back is one way to try & prop up their price. Simply repurchasing their own stock can give the impression that their stock is in demand.
At some point these transactions become known.
And Apple looks to be one of the leaders of the buy back game.
FB bought back 9 million shares in recent times also after the public became aware of the sale of private information.
Also interesting is the current 'buy back' of older apple phones, in order to create sales momentum in a market where Apple are loosing their #2 position in smart phone sales to a Chinese company.
And how the Apple move to manufacture in India instead of China plays out will be interesting.
www.zerohedge.com/news/2018-12-27/apple-lost-11-billion-buying-back-its-own-stock-2018