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Shares buyback programs are usually an indication that the company's board of directors believes its shares are undervalued. NYSE:SYFRead Synchrony Financial (NYSE:SYF) to Buyback $1.00 billion in Outstanding Shares2 hours agoNano Labs (NASDAQ:NA) to Buyback $0.00 in Outstanding SharesMarketBeatNano Labs (NASDAQ:NA - Get Free Report) declared that its Board of Directors has authorized a stock buyback plan on Wednesday, October 15th, RTT News reports. The company plans to repurchase $0.00 in outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its shares are undervalued. 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