AECOM Reveals Stock Repurchase Program

After the close of the markets on September 21, AECOM (ACM) unveiled a new capital allocation policy and stock repurchase program. AECOM is a global infrastructure firm that plans to spend all available free cash flow to pay down debt until reaching a target level sometime in 2018. This plan includes a stock repurchase program of up to $1 billion.

 

Sonal sent out a level 2 alert at 4:49 pm on September 22, and the stock opened at $35.21 the next morning.

 

The stock price rose throughout most of the day on September 22. Prices continued to trend up for the next four trading days by around 5% total on the event. Sonal subscribers were able to trade the surge, the fade, and the trend over the five-day period.

 

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