I wonder how the share buyback works today considering half the trading volume has occurred above the legal buyback limit and half below.
Is there a % limit in which WHC can buyback within one days trading volume ?
And also what happens when half the days trading is above the buyback limit and half below. Can WHC algo buyback at the % volume limit on the full days trading volume or only on the trading volume that has occurred below the buyback limit.
Catch my drift ?
Lets say a company hypothetically can only buy back 10% of the days trading volume.
20 million shares were traded.
Buy back limit (5 day 5wap) is $9.75
10 million shares were traded above $9.75
10 million shares were traded below $9.75
Can the company legally buyback 2 million shares on the day (all under $9.75 of course)
or can the company only buyback 1 million shares on the day (limited to only 10% of the 10 million volume that was traded under the $9.75 buyback price)
I don't know the answer to this
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Last
$8.06 |
Change
0.210(2.68%) |
Mkt cap ! $6.743B |
Open | High | Low | Value | Volume |
$7.98 | $8.06 | $7.94 | $29.97M | 3.735M |
Buyers (Bids)
No. | Vol. | Price($) |
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6 | 83044 | $8.05 |
Sellers (Offers)
Price($) | Vol. | No. |
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$8.06 | 13939 | 5 |
View Market Depth
No. | Vol. | Price($) |
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2 | 875 | 8.030 |
1 | 1500 | 7.980 |
2 | 2500 | 7.950 |
2 | 5340 | 7.940 |
2 | 6829 | 7.900 |
Price($) | Vol. | No. |
---|---|---|
8.060 | 2000 | 1 |
8.070 | 140 | 1 |
8.080 | 54489 | 5 |
8.090 | 18898 | 5 |
8.100 | 31905 | 7 |
Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
$8.03 |
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Change
0.210 ( 2.62 %) |
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Open | High | Low | Volume | ||
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Last updated 15.59pm 31/05/2024 ? |
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