@Kierkegaanks@rbreich Buybacks is a different thing. Apple has a ridiculous amount of cash, and a buyback means that they can find nothing better to do than to invest it into their own stock.
It's also a signal that Apple considers their own stock a great investment, so if you trust Apple (not saying you should, but if you are one of the people that do) then you might want to follow their lead and buy some of their stock. So the stock price increasing after a buyback announcement is nothing surprising at all.
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