Will AutoZone (AZO) Stock Be Helped Today by Additional $750 Million Stock Repurchase?

NEW YORK (TheStreet) -- AutoZone shares are down 0.2% to $666.17 in early market trading on Wednesday after the automotive parts retailer announced the authorization of a repurchase of an additional $750 million of company stock yesterday after the closing bell.The company has continued to add funds to its share repurchase program since its inception in 1998."AutoZone's continued strong financial performance allows us to repurchase our stock while maintaining our investment grade credit ratings...