“Baker Hughes stock gains after setting $2 billion stock repurchase program”
July 30, 2021
“Shares of Baker Hughes Co. rallied 0.8% in morning trading Friday, after the oilfield products and services company said it set a $2 billion stock repurchase program. Based Thursday’s stock closing price of $21.18, the buyback program represents about 9.1% of the shares outstanding. The repurchases come as General Electric Co. continues to sell off its stake in the company, which GE saying earlier this week that it received $1.0 billion in proceeds from the sale of Baker Hughes stock…”
https://finance.yahoo.com/m/386174bd-84e4-32ee-bcf6-fbe9e8297ab1/baker-hughes-stock-gains.html