SAP stock price in focus as buyback starts and own-share holding tops 5%
SAP disclosed its holding of its own shares rose to 5.0254% after crossing a regulatory threshold on Feb. 5. The stock closed at 171.22 euros in Frankfurt on Friday, up 0.4% on the day but down nearly 18% this year. SAP’s buyback program of up to 10 billion euros began this week. U.S. ADRs rose 3% in after-hours trading.
