Since management knows the most about a company's prospects, share buybacks are a good sign for investors.
Adobe (ADBE 0.53%) management is buying back millions of shares of its stock. Typically, this is a sign that management thinks the shares are undervalued.
*Stock prices used were the afternoon prices of Dec. 16, 2022. The video was published on Dec. 18, 2022.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Adobe. The Motley Fool recommends the following options: long January 2024 $420 calls on Adobe and short January 2024 $430 calls on Adobe. The Motley Fool has a disclosure policy.
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