{"slug":"how-companies-execute-buybacks","qid":"adv_cap","label":"A day's repurchase ceiling under the 25% volume condition","post_title":"How Companies Execute Buybacks: Rule 10b-18","post_url":"/blog/how-companies-execute-buybacks#q-adv_cap","columns":["symbol","avg_daily_dollars_m","daily_cap_dollars_m"],"rows":[{"symbol":"MSFT","avg_daily_dollars_m":16633,"daily_cap_dollars_m":4158},{"symbol":"AAPL","avg_daily_dollars_m":15971,"daily_cap_dollars_m":3993},{"symbol":"XOM","avg_daily_dollars_m":2144,"daily_cap_dollars_m":536},{"symbol":"JNJ","avg_daily_dollars_m":1751,"daily_cap_dollars_m":438},{"symbol":"PG","avg_daily_dollars_m":1348,"daily_cap_dollars_m":337},{"symbol":"KO","avg_daily_dollars_m":1345,"daily_cap_dollars_m":336}],"shape":"ranking","sql":"SELECT\n    ticker                                                            AS symbol,\n    round(avg(toFloat64(volume) * toFloat64(close)) / 1e6, 0)         AS avg_daily_dollars_m,\n    round(0.25 * avg(toFloat64(volume) * toFloat64(close)) / 1e6, 0)  AS daily_cap_dollars_m\nFROM global_markets.stocks_daily_aggs\nWHERE ticker IN ('AAPL', 'MSFT', 'XOM', 'KO', 'PG', 'JNJ')\n  AND date >= today() - 28\n  AND date <  today()\nGROUP BY ticker\nHAVING count() >= 10\nORDER BY avg_daily_dollars_m DESC","computed_at":"2026-08-22T04:13:25.023066+00:00","elapsed":0.029349507}