EMC Corp. (EMC) announced Thursday morning that its Board of Directors increased its authorization to repurchase EMC common stock from $1 billion in 2013 to $6 billion over the three-year period ending December 31, 2015. The Board also initiated a quarterly cash dividend to EMC shareholders.
EMC gapped open sharply Thursday, but was range-bound throughout the session. The stock finished up by 1.27 at $24.93 on above average volume. EMC broke out to over a 2-month high and re-crossed its 200-day moving average.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.