Thomson Reuters Announces $1B Buyback as Shares Rise 2.09% Despite 471st Market Activity Rank

On August 15, 2025, Thomson Reuters (TRI) closed with a 2.09% gain, trading with a volume of $0.21 billion, ranking 471st in market activity for the day. The stock’s upward movement coincided with the company’s announcement of a $1.0 billion share repurchase program under a new normal course issuer bid (NCIB) approved by the Toronto Stock Exchange. The initiative allows for the buyback of up to 10 million common shares—representing approximately 2.22% of outstanding shares—between August 2025 and August 2026. Repurchases will occur via open market transactions on the TSX, Nasdaq, or other eligible platforms, with daily limits tied to trading volume thresholds.

Thomson Reuters emphasized that the NCIB aligns with its long-standing capital strategy, balancing growth, leverage, and shareholder returns through dividends and buybacks. The company retains flexibility to adjust or suspend repurchases based on market conditions, share price dynamics, and capital allocation priorities. Transactions may also include private agreements at potential discounts to market price, subject to regulatory exemptions. The program underscores management’s confidence in the stock’s value proposition while mitigating risks tied to internal trading restrictions and compliance frameworks.

Historical data from a one-day holding strategy involving the top 500 stocks by daily trading volume from 2022 to 2025 shows cumulative returns of 1.08 times the initial investment, with total profits reaching $10,720. The results reflect moderate growth amid market volatility, highlighting the role of trading volume as a proxy for liquidity and potential price momentum in short-term strategies.