TIBCO Software Inc. (NASDAQ: TIBX) today announced that its Board of Directors has authorized a new share repurchase program pursuant to which the company may repurchase up to $300 million of its outstanding common stock. This program replaces the company’s previous $300 million share repurchase program, under which approximately $159 million was still remaining.
The repurchases under the program will be made in open market or privately negotiated transactions. The manner, timing and amount of any repurchases will be determined by the company based on an evaluation of market conditions, stock price and other factors. The program does not obligate TIBCO to acquire any particular amount of common stock, and it may be modified or suspended at any time at TIBCO’s discretion.

Source:-http://www.marketwire.com/press-release/TIBCO-Software-Grows-Total-Revenue-by-23-Over-Q4-2009-NASDAQ-TIBX-1372648.htm

Shares of TIBCO Software (TIBX) traded near a new 52-week high yesterday of $19.48. Approximately 3.8 million shares traded hands yesterday vs. average 30-day volume of 4.2 million shares.

TIBCO Software closed at $19.28, approximately 2.9% above its previous closing price. SmarTrend will be monitoring shares of TIBX to see if it can push through this barrier.

SmarTrend is bullish on shares of TIBCO Software and our subscribers were alerted to Buy on December 23, 2009 at $9.69. The stock has risen 99.1% since the alert was issued.

Source:http://www.investors.com/NewsAndAnalysis/Newsfeed/Article/120941926/201010260140/TIBCO-Software-52-Week-High-Recently-Eclipsed-TIBX-.aspx

Block trades help investors understand the sentiment of large financial institutions. A total of 16 block trades were executed yesterday, typically at least 10,000 shares or more represent a single block unit. Further analysis into yesterdays’s trading activity reveals that 225,286 shares were bought and 188,401 shares were sold. The Bought/Sold ratio for shares of Tibco Software is 1.20, representing a positive net cash flow of $677,083 into the stock.

Analysts use the buying and selling activities of major investors to measure market health and stock value. If an institutional investor orders a block trade, other smaller investors may follow suit in an attempt to ride the wave of interest.

Tibco Software is trading at $18.74, up $0.75 (+4.17%) in yesterday’s trading session. The daily low is $17.99 and the high is $18.76. The trading volume of 2,506,181 is below the average volume of 3,343,540 shares. TIBX is trading above the 50 day moving average and higher than the 200 day moving average.

Source:http://www.marketintellisearch.com/articles/1066385.html