Buyback Volume Drops 15% in Q2

Ben Silverman, director of research at VerityData, joined CNBC’s ‘The Exchange’ to discuss patterns in stock buybacks, the dollar value compared to the breath of buybacks, and considerations around the new 1% tax on buybacks.

“The dollar value is not as important to me as the breadth of buybacks.We have over 1,300 companies buying back stock in Q2 — the second highest quarter ever after the pandemic quarter of 2020. That tells me a lot of companies were being opportunistic.”