LVS Stock Is Down 23% in a Year. The Company Just Spent $5.2 Billion Buying It Back.
Las Vegas Sands has repurchased 14.3% of its own shares since late 2023 while the stock has fallen steadily below its 200-day moving average. When a company with $3.6 billion in quarterly revenue is aggressively buying its own declining stock, someone at the table believes the market is wrong... and operators in Macau and Singapore should be paying very close attention to what that bet implies.