Oracle announced that its board has approved a stock buyback program on Thursday, December 9th 2021, which allows the company to repurchase $10,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy up to 3.6% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's management believes its shares are undervalued.