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During 2Q16, $PHM repurchased 2.6MM shares for $48MM and used available cash to retire $465MM of bonds, which matured during the quarter. The Board approved increasing its existing share repurchase authorization by $1Bil, bringing the total to $1.5Bil. At the end of 2Q16, $PHM had $507MM available under its existing repurchase authorization.
$PYPL jumps 6% in after hours on strong results. I am bullish on this stock.
$TSCO stock remained active in the after hours trading and rose more than 2% after the retailer posted better than expected 1Q17 results.
Instagram has reached 700 million monthly active users. Looks like it will hit 1 billion soon. That would make it $FB’s fourth billion-user platform.