Walmart announcing a $15 billion share repurchase program

Walmart announcing a $15 billion share repurchase program : Walmart took another step Friday to pump some life into its stock, announcing a $15 billion share repurchase program.

The nation's largest retailer, a major presence in the Rochester area with 15 stores, has seen its stock performance fall far short of the market overall in recent years. Its shares are up about 4 percent from a year ago and more than 5 percent from two years ago. The corresponding gains in the benchmark S&P 500 are 18 percent and almost 40 percent.

Walmart spent $13 billion in 2010 on a similar buyback.

The repurchase news wasn't much of a shot in the arm for the company, as shares closed Friday at $53.66, up 11 cents or less than a quarter of a percent. For the latest updates PRESS CTR + D or visit Stock Market news Today

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