Why Stock-Split Stock Sony Topped the Market Today
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Sony Group's stock gained nearly 1% while tech stocks declined. The company has bought nearly 3.8 million shares of its common stock for approximately $366 million as part of its share repurchase program. Sony also announced a 5-for-1 stock split, which will impact the repurchase initiative. After the stock split, the maximum amount of shares allowed to be repurchased will be adjusted to 150 million.
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