TechnipFMC announced that its Board of Directors has initiated a stock buyback plan on Wednesday, July 27th 2022, which authorizes the company to buyback $400,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 13.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its shares are undervalued.