| Unissued Stock |
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Stock that a publicly-traded company's charter permits the company to issue, but which the board of directors has not elected to issue. A company may keep unissued stock from public trade to reduce its earnings per share, which can increase the share price. Having unissued stock also gives the company flexibility to issue more shares if it so chooses.
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| Share Repurchase |
| A program by which a company buys back its own shares from the marketplace, reducing the number of outstanding shares. This is usually an indication that the company's management thinks the shares are undervalued. Because a share repurchase reduces the number of shares outstanding (i.e. supply), it increases earnings per share and tends to elevate the market value of the remaining shares. |
