Domino’s stock hits record, $1B buyback in place

dominos stock hits record 1b buyback in place

Sumary of Domino’s stock hits record, $1B buyback in place:

  • Investors are chowing down on shares of Domino’s Pizza, the world’s largest pizza chain, after the restaurant reported strong quarterly results and announced a fresh $1 billion share repurchase program.
  • In April, billionaire activist investor Bill Ackman disclosed a 6% stake in the company after his Pershing Square Holdings’ began buying Domino’s shares in March 2020 near $330. BILLIONAIRE ACKMAN TAKES SLICE OF DOMINOSShares of rival Papa John’s rose in tandem.

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