Business, Legal & Accounting Glossary
A repurchasing of outstanding stock shares by a company from stockholders who own fewer than 100 shares, instead of focusing on investors owning large numbers of company shares. An odd-lot buyback allows the company to boost the price-to-earnings ratio by reducing outstanding shares, without creating bad publicity through prompting large-quantity shareholders to sell their shares.
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This glossary post was last updated: 20th November, 2021 | 0 Views.