SFTBY - SoftBank returns to buybacks with $380M in September

SoftBank ([[SFTBF]],[[SFTBY]]) suspended its share buybacks in August but returned with a $380M program in September. The Japanese tech giant resumed purchases the day after Nvidia's $40B purchase of Arm was announced.The company completed the roughly $4.8B buyback that was announced in June but has yet to launch the $9.5B program revealed the following month.SoftBank shares recently reached a 20-year high, but the stock is still down 2% in the past month as investors questioned the tech options buying spree.Yesterday, a SoftBank exec denied that the options buying strategy had made the company a "Nasdaq whale" that fueled the recent tech rally

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SoftBank returns to buybacks with $380M in September